Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Down 71.0% in June

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 76,644 shares, a decline of 71.0% from the May 31st total of 263,893 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 404,621 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ISNPY shares. Morgan Stanley reissued an “overweight” rating on shares of Intesa Sanpaolo in a report on Thursday, April 16th. Kepler Capital Markets upgraded Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Intesa Sanpaolo Trading Down 0.8%

Shares of ISNPY opened at $40.76 on Friday. The business’s 50-day moving average price is $40.52 and its 200 day moving average price is $40.14. The stock has a market capitalization of $118.74 billion, a P/E ratio of 10.96 and a beta of 0.78. Intesa Sanpaolo has a 1-year low of $33.93 and a 1-year high of $43.62.

Intesa Sanpaolo (OTCMKTS:ISNPY) last issued its earnings results on Friday, April 3rd. The financial services provider reported $0.70 earnings per share for the quarter. Intesa Sanpaolo had a return on equity of 14.10% and a net margin of 25.19%.The company had revenue of $8.23 billion for the quarter. On average, research analysts predict that Intesa Sanpaolo will post 4.25 earnings per share for the current year.

About Intesa Sanpaolo

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.