CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Short Interest Down 60.5% in May

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 152,016 shares, a decline of 60.5% from the May 14th total of 384,969 shares. Based on an average daily volume of 713,564 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CAIXY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of CaixaBank in a report on Tuesday, May 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a research note on Thursday, May 7th. Finally, Barclays raised shares of CaixaBank from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

CaixaBank Price Performance

Shares of CAIXY traded up $0.05 during trading hours on Friday, reaching $4.53. The stock had a trading volume of 132,980 shares, compared to its average volume of 466,988. CaixaBank has a 12 month low of $2.74 and a 12 month high of $4.58. The firm has a 50-day simple moving average of $4.21 and a 200 day simple moving average of $4.08.

CaixaBank Company Profile

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.