UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Short Interest Down 31.3% in August

Key Points

• Short interest in UniCredit S.p.A. declined by 31.3% in August, with a total of 39,900 shares short as of August 31st.
• The stock price of UniCredit reached $39.57 during trading, with a one-year range between $18.70 and $40.74.
• Wall Street analysts have mixed views, with one firm downgrading the stock to a "hold" rating while others increased it to a "strong-buy" rating, resulting in an average rating of "Buy."

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY - Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 39,900 shares, a decline of 31.3% from the August 15th total of 58,100 shares. Based on an average daily volume of 474,600 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 volume of 474,600 shares, the days-to-cover ratio is currently 0.1 days.

UniCredit Price Performance

Shares of OTCMKTS UNCRY traded down $0.13 during trading on Tuesday, reaching $39.57. The stock had a trading volume of 110,955 shares, compared to its average volume of 813,197. UniCredit has a one year low of $18.70 and a one year high of $40.74. The firm's 50 day moving average price is $37.57 and its two-hundred day moving average price is $32.70.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UNCRY. Zacks Research lowered UniCredit from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 29th. DZ Bank raised UniCredit to a "strong-buy" rating in a research report on Wednesday, September 3rd. Finally, Citigroup raised UniCredit to a "strong-buy" rating in a research report on Wednesday, August 27th. Three analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy".

UniCredit Company Profile

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.