Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Short Interest Down 71.0% in June

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 2,014 shares, a decline of 71.0% from the June 15th total of 6,933 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,237 shares, the short-interest ratio is presently 0.9 days.

Banca Mediolanum Stock Down 2.1%

Banca Mediolanum stock traded down $1.09 during midday trading on Friday, reaching $50.75. The company’s stock had a trading volume of 228 shares, compared to its average volume of 2,835. The business has a 50-day simple moving average of $47.64 and a 200-day simple moving average of $44.75. Banca Mediolanum has a fifty-two week low of $33.91 and a fifty-two week high of $52.50.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Banca Mediolanum to a “hold” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Banca Mediolanum Company Profile

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.