CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Sees Significant Increase in Short Interest

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 384,969 shares, a growth of 101.3% from the April 30th total of 191,269 shares. Based on an average daily trading volume, of 592,833 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

CaixaBank Stock Performance

OTCMKTS:CAIXY opened at $4.45 on Monday. CaixaBank has a one year low of $2.74 and a one year high of $4.52. The company has a fifty day moving average price of $4.12 and a 200 day moving average price of $4.02.

Analyst Ratings Changes

CAIXY has been the subject of several research analyst reports. Barclays upgraded shares of CaixaBank from a “hold” rating to an “overweight” rating in a research note on Wednesday, April 15th. Citigroup reiterated a “buy” rating on shares of CaixaBank in a research note on Thursday, May 7th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of CaixaBank in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CaixaBank in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, CaixaBank currently has an average rating of “Hold”.

About CaixaBank

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.