Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Short Interest Update

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 774 shares, an increase of 134.5% from the December 15th total of 330 shares. Based on an average daily trading volume, of 359 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 359 shares, the short-interest ratio is currently 2.2 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Banca Mediolanum in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Banca Mediolanum Price Performance

Banca Mediolanum stock opened at $44.98 on Thursday. Banca Mediolanum has a 12-month low of $28.85 and a 12-month high of $46.40. The firm has a 50 day moving average of $44.17 and a 200 day moving average of $40.50.

About Banca Mediolanum

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.