Short Interest in Bankia, S.A. (OTCMKTS:BNKXF) Decreases By 23.4%
Bankia, S.A. (OTCMKTS:BNKXF) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totalling 926,200 shares, a decrease of 23.4% from the October 15th total of 1,208,600 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 9,262.0 days.
Several equities analysts recently issued reports on BNKXF shares. Citigroup downgraded shares of Bankia from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 16th. Barclays reaffirmed an “equal weight” rating on shares of Bankia in a research note on Wednesday, September 16th. UBS Group reaffirmed a “neutral” rating on shares of Bankia in a research note on Thursday, October 29th. Berenberg Bank raised shares of Bankia from a “sell” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Bankia in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Bankia currently has a consensus rating of “Hold”.
Bankia stock opened at $1.73 on Friday. Bankia has a 52-week low of $0.82 and a 52-week high of $2.15. The firm has a fifty day moving average of $1.34 and a 200-day moving average of $1.23.
Bankia, SA, together with its subsidiaries, provides various banking and financial products and services in Spain and internationally. The company operates through Retail Banking, Business Banking, and Corporate Center segments. It provides retail banking products, such as salary direct deposits, consumer loans, mortgages, term deposits, credit cards, insurance, investment and pension funds, and other asset management services.
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