UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Sees Significant Increase in Short Interest

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 198,704 shares, an increase of 78.4% from the July 15th total of 111,388 shares. Based on an average daily trading volume, of 492,638 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UNCRY. Barclays reissued an “overweight” rating on shares of UniCredit in a research report on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a research note on Monday, July 27th. Finally, Zacks Research raised shares of UniCredit from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, UniCredit presently has an average rating of “Buy”.

UniCredit Stock Down 0.5%

OTCMKTS UNCRY traded down $0.25 during trading on Monday, hitting $49.14. 6,408 shares of the company’s stock were exchanged, compared to its average volume of 384,532. UniCredit has a fifty-two week low of $33.63 and a fifty-two week high of $49.52. The stock’s 50 day moving average price is $46.09 and its two-hundred day moving average price is $42.48.

UniCredit Company Profile

UniCredit S.p.A. is an international banking group headquartered in Milan, Italy, offering a broad range of banking and financial services to retail, corporate and institutional clients. The firm operates as a universal bank, combining traditional deposit-taking and lending with capital markets activities, transaction banking and advisory services. UniCredit provides consumer and commercial loans, mortgage financing, deposit accounts, payment and card services, and wealth management solutions for private clients.

On the corporate and institutional side, UniCredit offers relationship banking, corporate lending, trade and export finance, cash management, custody and securities services, and investment banking capabilities including debt and equity capital markets and structured finance.