Unicaja Banco, S.A. (OTCMKTS:UNJCF) Sees Significant Growth in Short Interest

Unicaja Banco, S.A. (OTCMKTS:UNJCF) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 5,650,320 shares, a growth of 201.4% from the May 14th total of 1,874,817 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Unicaja Banco Price Performance

OTCMKTS UNJCF opened at $3.05 on Friday. The firm’s fifty day simple moving average is $3.05 and its two-hundred day simple moving average is $3.01. Unicaja Banco has a 12-month low of $2.23 and a 12-month high of $3.05.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UNJCF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Unicaja Banco in a research note on Friday, May 22nd. Morgan Stanley reaffirmed an “underweight” rating on shares of Unicaja Banco in a research note on Wednesday, May 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Unicaja Banco in a research note on Friday, April 17th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Sell”.

Unicaja Banco Company Profile

Unicaja Banco is a Spanish commercial bank offering a broad range of financial services to retail, corporate and public sector clients. Traded on the OTC market under the symbol UNJCF, the bank provides deposit accounts, consumer and mortgage loans, payment and cash management solutions, wealth and asset management services, insurance products and digital banking platforms.

The institution traces its roots to a group of savings banks in Andalusia that merged to form Caja de Ahorros de Málaga, Almería, Jaén y Córdoba in the early 1990s.