UniCredit S.p.A. (OTCMKTS:UNCFF) Sees Large Increase in Short Interest

UniCredit S.p.A. (OTCMKTS:UNCFFGet Rating) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,048,500 shares, a growth of 49.2% from the March 15th total of 2,043,400 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 483.9 days.

Shares of OTCMKTS:UNCFF opened at $10.30 on Monday. The business has a fifty day moving average of $12.46 and a two-hundred day moving average of $13.67. UniCredit has a 52-week low of $9.12 and a 52-week high of $18.13.

Separately, Zacks Investment Research cut UniCredit from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $13.30.

About UniCredit (Get Rating)

UniCredit S.p.A. operates as a commercial bank that provides retail, corporate, and private banking services. It offers accounts and deposits, loans, cards, transactions and payments, funds, advisory, treasury, and insurance products, as well as digital and mobile banking services. The company also provides solutions for payments and liquidity, working capital, hedging, international trade, and treasury operations; and funding solutions comprising of structured, project, and commodity trade and export finance, as well as debt and equity funding; and structured investments and investments advisory solutions.

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