UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Short Interest Up 78.4% in July

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) was the recipient of a large increase in short interest during the month of 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 trading volume of 492,638 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

UniCredit Stock Performance

Shares of OTCMKTS UNCRY traded down $0.25 during mid-day trading on Monday, reaching $49.14. 6,408 shares of the company were exchanged, compared to its average volume of 384,532. The company’s 50-day simple moving average is $46.09 and its 200-day simple moving average is $42.48. UniCredit has a twelve month low of $33.63 and a twelve month high of $49.52.

Analyst Ratings Changes

UNCRY has been the topic of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a report on Monday, July 27th. Zacks Research raised shares of UniCredit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Barclays reiterated an “overweight” rating on shares of UniCredit in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, UniCredit currently has a consensus rating of “Buy”.

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.