UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Stock Short Interest Declines 39.1%

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 49,946 shares, a decline of 39.1% from the September 30th total of 81,983 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 555,441 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

UNCRY has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a research note on Wednesday, September 2nd. Barclays reaffirmed an “overweight” rating on shares of UniCredit in a research note on Friday, July 24th. Royal Bank Of Canada began coverage on shares of UniCredit in a research report on Tuesday, September 15th. They issued a “hold” rating for the company. Finally, Citigroup restated a “buy” rating on shares of UniCredit in a research report on Monday, September 28th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, UniCredit currently has a consensus rating of “Moderate Buy”.

UniCredit Price Performance

Shares of UNCRY stock opened at $40.81 on Monday. The stock has a fifty day moving average price of $45.70 and a 200 day moving average price of $43.37. UniCredit has a 1 year low of $33.63 and a 1 year high of $50.28.

UniCredit Company Profile

UniCredit S.p.A. is a European commercial and investment banking group headquartered in Milan, Italy. The company provides banking and financial services to individuals, businesses and institutions, including current accounts, consumer and residential lending, payment services, deposits, investment products, wealth management and corporate finance.

UniCredit serves customers primarily across Italy, Germany and Austria, as well as selected markets in Central and Eastern Europe. Its corporate and investment banking operations offer lending, transaction banking, capital-markets services, advisory and risk-management solutions, while its wealth-management business provides investment and private-banking services.

The modern UniCredit group was established in 1998 through the combination of several Italian banks and expanded through subsequent mergers and acquisitions, including the integration of Germany’s HypoVereinsbank and Austria’s Bank Austria.