Banco BPM S.p.A. (OTCMKTS:BNCZF) Short Interest Update

Banco BPM S.p.A. (OTCMKTS:BNCZF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 11,475,650 shares, an increase of 63.2% from the June 30th total of 7,031,332 shares. Based on an average daily trading volume, of 536 shares, the short-interest ratio is currently 21,409.8 days.

Banco BPM Price Performance

Shares of BNCZF opened at $17.10 on Friday. Banco BPM has a fifty-two week low of $11.75 and a fifty-two week high of $17.42. The business has a 50-day moving average of $16.57 and a 200 day moving average of $15.48.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banco BPM in a research report on Friday, July 10th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Banco BPM Company Profile

Banco BPM S.p.A. (OTCMKTS:BNCZF) is a leading Italian banking group formed on January 1, 2017, through the merger of Banco Popolare and Banca Popolare di Milano. Headquartered in Milan and Verona, the group ranks among Italy’s largest lenders and focuses on serving retail, corporate and institutional clients with a full suite of banking and financial services.

The bank’s core businesses include retail banking—offering current accounts, savings products, mortgages, consumer loans and payment services—alongside corporate and SME financing, cash management, trade finance and structured lending.