Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Sees Large Increase in Short Interest

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 6,933 shares, a growth of 276.8% from the May 31st total of 1,840 shares. Based on an average daily volume of 5,539 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the shares of the stock are sold short.

Banca Mediolanum Stock Performance

Shares of OTCMKTS BNCDY opened at $49.91 on Monday. Banca Mediolanum has a 1 year low of $33.91 and a 1 year high of $52.50. The firm’s 50 day moving average price is $46.26 and its 200 day moving average price is $44.28.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Banca Mediolanum to a “hold” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Banca Mediolanum presently 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.