UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Sees Significant Drop in Short Interest

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 target of a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 58,100 shares, adropof52.7% from the July 31st total of 122,800 shares. Based on an average trading volume of 530,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 530,600 shares, the days-to-cover ratio is presently 0.1 days.

UniCredit Price Performance

OTCMKTS UNCRY traded down $0.57 during trading hours on Friday, reaching $38.18. The company's stock had a trading volume of 409,640 shares, compared to its average volume of 222,547. UniCredit has a fifty-two week low of $18.70 and a fifty-two week high of $40.74. The company's 50-day moving average is $36.90 and its two-hundred day moving average is $32.09.

Analyst Ratings Changes

A number of equities research analysts recently commented on UNCRY shares. Keefe, Bruyette & Woods cut shares of UniCredit from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Zacks Research lowered shares of UniCredit from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 29th. DZ Bank raised shares of UniCredit to a "strong-buy" rating in a research note on Wednesday. Finally, Citigroup raised shares of UniCredit to a "strong-buy" rating in a research note on Wednesday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock 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.