CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Sees Large Decrease in Short Interest

Key Points

• CaixaBank's short interest has decreased significantly by 46.1% to 70,000 shares in September, indicating a shift in investor sentiment.
• The stock was recently upgraded from a "sell" to a "hold" rating by Goldman Sachs, with a current consensus rating of "Hold" from multiple analysts.
• CaixaBank's stock price increased to $3.50 during trading, showing potential stability with a 1-year high of $3.53.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 70,000 shares, a decline of 46.1% from the August 31st total of 129,900 shares. Based on an average daily volume of 732,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 732,500 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

CAIXY has been the subject of several recent research reports. The Goldman Sachs Group upgraded CaixaBank from a "sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of CaixaBank in a research report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, CaixaBank presently has a consensus rating of "Hold".

CaixaBank Stock Up 0.6%

Shares of OTCMKTS:CAIXY traded up $0.02 during trading hours on Friday, hitting $3.50. 288,044 shares of the company's stock traded hands, compared to its average volume of 379,919. CaixaBank has a 1 year low of $1.71 and a 1 year high of $3.53. The business has a fifty day moving average price of $3.33 and a 200-day moving average price of $2.92.

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.

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