Banco BPM S.p.A. (OTCMKTS:BNCZF) Sees Significant Drop in Short Interest

Banco BPM S.p.A. (OTCMKTS:BNCZF) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 1,836,700 shares, a drop of 53.5% from the September 15th total of 3,952,800 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Shares of OTCMKTS BNCZF remained flat at $$3.26 during midday trading on Thursday. The stock’s 50-day simple moving average is $3.26. Banco BPM has a 1 year low of $3.26 and a 1 year high of $3.26.

Separately, Jefferies Financial Group assumed coverage on Banco BPM in a research report on Thursday. They set a “buy” rating on the stock.

About Banco BPM

Banco BPM S.p.A., through its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy. The company operates through Retail, Corporate, Institutional, Private, Investment Banking, Strategic Partnerships, Leases, and Corporate Centre segments.

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