Short Interest in CaixaBank, S.A. (OTCMKTS:CAIXY) Rises By 38.9%

CaixaBank, S.A. (OTCMKTS:CAIXY - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 168,300 shares, an increase of 38.9% from the April 30th total of 121,200 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 418,300 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CAIXY shares. Citigroup restated a "buy" rating on shares of CaixaBank in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods cut shares of CaixaBank from a "moderate buy" rating to a "hold" rating in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of CaixaBank in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, CaixaBank presently has an average rating of "Hold".

CaixaBank Stock Down 0.4%

OTCMKTS:CAIXY traded down $0.01 during trading hours on Thursday, hitting $2.79. 182,679 shares of the stock were exchanged, compared to its average volume of 334,231. The company's 50 day moving average is $2.60 and its two-hundred day moving average is $2.25. CaixaBank has a twelve month low of $1.67 and a twelve month high of $2.93.

CaixaBank Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 9th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.0631 per share. This is an increase from CaixaBank's previous dividend of $0.03. The ex-dividend date was Tuesday, April 22nd.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.