Short Interest in FinecoBank Banca Fineco S.p.A. (OTCMKTS:FCBBF) Decreases By 39.2%

FinecoBank Banca Fineco S.p.A. (OTCMKTS:FCBBF) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,519,762 shares, a decline of 39.2% from the July 15th total of 4,141,215 shares. Based on an average daily volume of 903 shares, the short-interest ratio is presently 2,790.4 days.

FinecoBank Banca Fineco Price Performance

OTCMKTS:FCBBF remained flat at $25.63 during trading hours on Tuesday. FinecoBank Banca Fineco has a twelve month low of $20.45 and a twelve month high of $25.63. The stock’s 50 day moving average is $24.21 and its two-hundred day moving average is $22.98.

FinecoBank Banca Fineco Company Profile

FinecoBank S.p.A., operating under the trade name Banca Fineco, is an Italian direct bank specializing in integrated banking, investment and trading services. Through its proprietary platform, the bank enables retail and institutional clients to access equity and derivative markets, foreign exchange, mutual funds, ETFs and fixed-income products. FinecoBank’s service suite extends to current accounts, debit and credit cards, personal loans and mortgages, supported by digital tools and dedicated customer assistance.

Established in 1982 as part of the financial services arm of the UniCredit Group, FinecoBank pioneered online brokerage in Italy with the launch of its e-trading platform in 1999.