Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Short Interest Update

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,487 shares, a growth of 210.1% from the April 30th total of 802 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,299 shares, the days-to-cover ratio is presently 1.1 days.

Banca Mediolanum Price Performance

OTCMKTS:BNCDY opened at $47.25 on Friday. The stock’s 50 day simple moving average is $42.98 and its 200-day simple moving average is $43.47. Banca Mediolanum has a 12-month low of $33.91 and a 12-month high of $49.40.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Zacks Research raised Banca Mediolanum to a “hold” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banca Mediolanum in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.