Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) Sees Significant Increase in Short Interest

Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 20,520,223 shares, an increase of 58.1% from the February 26th total of 12,975,683 shares. Based on an average daily volume of 12,456 shares, the short-interest ratio is presently 1,647.4 days.

Banca Monte dei Paschi di Siena Stock Performance

OTCMKTS BMDPF traded down $0.18 on Friday, reaching $8.65. 51,872 shares of the stock traded hands, compared to its average volume of 5,049. Banca Monte dei Paschi di Siena has a 12 month low of $7.53 and a 12 month high of $11.29. The firm’s fifty day simple moving average is $9.65 and its 200 day simple moving average is $9.52.

About Banca Monte dei Paschi di Siena

Banca Monte dei Paschi di Siena (OTCMKTS: BMDPF) is one of Italy’s most historic banking institutions, tracing its origins back to 1472 in the city of Siena. As one of the oldest continuously operating banks in the world, it has played a central role in Italy’s financial history and has evolved into a full-service commercial banking group.

The bank’s core business activities span retail and corporate banking, including deposit-taking, payment services, consumer and mortgage lending, and working capital solutions.