Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Sees Significant Growth in Short Interest

Key Points

• Intesa Sanpaolo SpA experienced a dramatic increase in short interest, rising by 1,059.7% to 724,800 shares as of September 15th compared to 62,500 shares at the end of August.
• The company's stock price stood at $39.68 on Tuesday, marking an upward movement and reflecting a market capitalization of $117.74 billion.
• Analysts have mixed views on the stock, with ratings ranging from a Strong Buy to a Hold, leading to a consensus rating of "Moderate Buy".

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 724,800 shares, an increase of 1,059.7% from the August 31st total of 62,500 shares. Based on an average trading volume of 1,008,300 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 1,008,300 shares, the days-to-cover ratio is currently 0.7 days.

Intesa Sanpaolo Price Performance

OTCMKTS ISNPY traded up $0.56 on Tuesday, hitting $39.68. The stock had a trading volume of 100,003 shares, compared to its average volume of 210,658. The firm has a 50-day moving average of $37.79 and a 200-day moving average of $34.26. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.17 and a current ratio of 1.42. Intesa Sanpaolo has a 52-week low of $22.32 and a 52-week high of $39.93. The company has a market capitalization of $117.74 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.12 and a beta of 1.07.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley reissued an "overweight" rating on shares of Intesa Sanpaolo in a report on Tuesday, September 2nd. Zacks Research downgraded Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, The Goldman Sachs Group cut Intesa Sanpaolo from a "buy" rating to a "hold" rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Intesa Sanpaolo 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.

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