Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY) Sees Large Decrease in Short Interest

Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 52,500 shares, a decrease of 96.5% from the April 30th total of 1,482,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 295,400 shares, the short-interest ratio is presently 0.2 days.

Intesa Sanpaolo Stock Up 0.9%

ISNPY stock traded up $0.30 during mid-day trading on Friday, reaching $33.39. 92,053 shares of the stock traded hands, compared to its average volume of 197,548. Intesa Sanpaolo has a 52 week low of $21.03 and a 52 week high of $34.17. The business has a 50-day moving average of $31.19 and a two-hundred day moving average of $28.09. The firm has a market capitalization of $99.08 billion, a PE ratio of 10.70, a P/E/G ratio of 0.85 and a beta of 1.09.

Intesa Sanpaolo (OTCMKTS:ISNPY - Get Free Report) last released its earnings results on Monday, April 14th. The financial services provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.35). The company had revenue of $7.23 billion for the quarter. On average, equities research analysts anticipate that Intesa Sanpaolo will post 2.91 EPS for the current fiscal year.

Intesa Sanpaolo Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 21st will be paid a $0.8413 dividend. This represents a dividend yield of 4.81%. The ex-dividend date is Tuesday, May 20th. This is a boost from Intesa Sanpaolo's previous dividend of $0.41. Intesa Sanpaolo's dividend payout ratio (DPR) is presently 53.53%.

Wall Street Analysts Forecast Growth

ISNPY has been the subject of a number of recent analyst reports. BNP Paribas upgraded shares of Intesa Sanpaolo from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 26th. Kepler Capital Markets cut shares of Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th.

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.