Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Up 94.9% in May

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 263,893 shares, a growth of 94.9% from the May 14th total of 135,397 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 412,178 shares, the days-to-cover ratio is presently 0.6 days.

Intesa Sanpaolo Price Performance

ISNPY stock traded up $0.32 during trading on Monday, hitting $40.91. 136,934 shares of the stock traded hands, compared to its average volume of 202,957. Intesa Sanpaolo has a 1 year low of $32.84 and a 1 year high of $43.62. The firm’s 50 day moving average is $39.97 and its two-hundred day moving average is $39.99. The stock has a market cap of $119.18 billion, a price-to-earnings ratio of 10.91 and a beta of 0.79.

Intesa Sanpaolo (OTCMKTS:ISNPY) last announced its quarterly earnings results on Friday, April 3rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $8.23 billion for the quarter. Intesa Sanpaolo had a net margin of 25.19% and a return on equity of 14.10%.

Analyst Upgrades and Downgrades

ISNPY has been the topic of a number of recent research reports. Kepler Capital Markets raised shares of Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 1st. Morgan Stanley reissued an “overweight” rating on shares of Intesa Sanpaolo in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Intesa Sanpaolo

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.