BPER Banca SpA (OTCMKTS:BPXXY) Sees Large Growth in Short Interest

BPER Banca SpA (OTCMKTS:BPXXY) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 484 shares, an increase of 89.8% from the July 30th total of 255 shares. Based on an average trading volume of 86 shares, the days-to-cover ratio is currently 5.6 days.

Analysts Set New Price Targets

Several analysts have weighed in on BPXXY shares. UBS Group downgraded shares of BPER Banca to a “neutral” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft downgraded BPER Banca from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, BPER Banca presently has a consensus rating of “Hold”.

BPER Banca Stock Performance

BPXXY opened at $32.99 on Monday. The business’s 50-day moving average is $32.32 and its two-hundred day moving average is $29.30. BPER Banca has a 1 year low of $22.66 and a 1 year high of $35.78.

BPER Banca Company Profile

BPER Banca S.p.A., formerly known as Banca Popolare dell’Emilia Romagna, is an Italian banking group headquartered in Modena, Italy. Established in 1867, the company provides a broad range of financial services to retail, corporate and institutional clients. BPER Banca operates through an extensive branch network across Italy and maintains an over‐the‐counter listing in the United States under the ticker symbol BPXXY.

The bank’s core activities encompass traditional retail banking products—such as current and savings accounts, mortgages and personal loans—alongside corporate lending, trade finance, leasing and factoring services.