Short Interest in CaixaBank, S.A. (OTCMKTS:CAIXY) Declines By 47.3%

CaixaBank, S.A. (OTCMKTS:CAIXY - Get Free Report) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 88,700 shares, a decrease of 47.3% from the May 15th total of 168,300 shares. Based on an average trading volume of 388,400 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

CaixaBank Stock Down 1.4%

Shares of OTCMKTS CAIXY traded down $0.04 during mid-day trading on Friday, reaching $2.78. The company had a trading volume of 357,313 shares, compared to its average volume of 335,196. The business's 50-day simple moving average is $2.66 and its 200 day simple moving average is $2.30. CaixaBank has a one year low of $1.67 and a one year high of $2.93.

CaixaBank Increases Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on CAIXY shares. Citigroup reiterated 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 report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of CaixaBank in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, CaixaBank currently has an average rating of "Hold".

CaixaBank Company Profile

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.