Short Interest in UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Rises By 129.2%

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 111,388 shares, an increase of 129.2% from the June 30th total of 48,599 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,357,308 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on UNCRY shares. Barclays reiterated an “overweight” rating on shares of UniCredit in a research report on Friday. Morgan Stanley restated an “overweight” rating on shares of UniCredit in a research report on Monday. Zacks Research raised UniCredit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Erste Group Bank cut UniCredit from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, UniCredit currently has an average rating of “Buy”.

UniCredit Stock Down 0.7%

OTCMKTS:UNCRY opened at $46.48 on Wednesday. The company has a 50 day moving average price of $44.56 and a 200 day moving average price of $41.89. UniCredit has a fifty-two week low of $33.63 and a fifty-two week high of $47.63.

About UniCredit

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.