Short Interest in UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Drops By 52.7%

Key Points

• UniCredit S.p.A. experienced a significant decrease in short interest of 52.7% in August, falling from 122,800 shares to 58,100 shares.
• The stock opened at $38.75 with a 52-week high of $40.74 and a low of $18.70, indicating strong performance over the past year.
• Analyst ratings for UniCredit show mixed opinions, with two ratings for Strong Buy and two for Hold, resulting in a current consensus rating of "Buy".

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 58,100 shares, a decline of 52.7% from the July 31st total of 122,800 shares. Based on an average daily volume of 530,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 530,600 shares, the short-interest ratio is presently 0.1 days.

UniCredit Price Performance

Shares of OTCMKTS:UNCRY traded down $0.25 during midday trading on Wednesday, hitting $38.53. The stock had a trading volume of 588,539 shares, compared to its average volume of 248,047. The company's 50-day moving average price is $37.21 and its 200-day moving average price is $32.33. UniCredit has a fifty-two week low of $18.70 and a fifty-two week high of $40.74.

Analysts Set New Price Targets

A number of analysts have issued reports on UNCRY shares. Citigroup raised shares of UniCredit to a "strong-buy" rating in a report on Wednesday, August 27th. DZ Bank raised shares of UniCredit to a "strong-buy" rating in a report on Wednesday, September 3rd. Zacks Research downgraded shares of UniCredit from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. Finally, Keefe, Bruyette & Woods cut shares of UniCredit from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.