Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Sees Large Drop in Short Interest

Key Points

• Intesa Sanpaolo SpA experienced a significant decline in short interest, falling by 77% from 271,600 shares on August 15 to 62,500 shares by August 31.
• The company's stock is currently down 1.0% at $38.46, with a market cap of $114.12 billion and a PE ratio of 11.55.
• Analysts have mixed opinions on the stock, with Morgan Stanley maintaining an "overweight" rating, while Zacks downgraded it from a "strong-buy" to a "hold."

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 62,500 shares, a decline of 77.0% from the August 15th total of 271,600 shares. Based on an average daily trading volume, of 518,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 518,100 shares, the days-to-cover ratio is currently 0.1 days.

Intesa Sanpaolo Stock Down 1.5%

ISNPY traded down $0.60 during trading on Wednesday, hitting $38.67. The company had a trading volume of 91,949 shares, compared to its average volume of 211,838. The company has a market cap of $114.74 billion, a PE ratio of 11.61, a P/E/G ratio of 1.14 and a beta of 1.07. The business has a 50-day moving average of $37.06 and a 200-day moving average of $33.77. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.17 and a quick ratio of 1.17. Intesa Sanpaolo has a 1-year low of $22.32 and a 1-year high of $39.93.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Intesa Sanpaolo in a research note on Tuesday, September 2nd. Zacks Research downgraded shares of Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

About Intesa Sanpaolo

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; private and commercial banking, corporate and transaction banking, structured finance, investment banking, public finance, and capital markets; industrial credit, leasing, and factoring; asset management; life and non-life insurance and pension products; asset and wealth management; private investments; and bancassurance products.