UniCredit SpA (OTCMKTS: NOT CRY – Get a rating) was the target of a sharp increase in short-term interest during the month of April. As of April 30, there were short interests totaling 103,400 shares, an increase of 575.8% from the total of 15,300 shares as of April 15. Based on an average daily trading volume of 829,800 shares, the short-term interest rate ratio is currently 0.1 day.
A number of brokerages have weighed in on UNCRY recently. JPMorgan Chase & Co. downgraded UniCredit shares from an “overweight” rating to a “neutral” rating in a Monday, March 14 research report. Deutsche Bank Aktiengesellschaft lowered its price target on UniCredit shares from €15.50 ($16.32) to €14.60 ($15.37) in a research report released on Tuesday. Credit Suisse Group raised its price target on UniCredit shares from €13.80 ($14.53) to €14.00 ($14.74) in a research report released on Tuesday. Societe Generale downgraded UniCredit shares from a “buy” rating to a “hold” rating in a Tuesday, March 22 research report. Finally, Morgan Stanley lowered its price target on UniCredit shares from €19.50 ($20.53) to €16.50 ($17.37) in a Tuesday, April 26 research report. Four equity research analysts gave the stock a hold rating, six issued a buy rating and one gave the company a high buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $15.53.
Shares of OTCMKTS: NOT CRY traded at $0.30 during Wednesday’s trading, reaching $4.46. The company had a trading volume of 604,277 shares, compared to an average volume of 317,749. The company’s fifty-day moving average is $5.05 and its 200-day moving average is $6.50 . UniCredit has a 12-month low of $4.10 and a 12-month high of $9.05.
UniCredit Company Profile (Get a rating)
UniCredit SpA operates as a commercial bank providing retail, corporate and individual banking services. It offers accounts and deposits, loans, cards, transactions and payments, funds, advisory, cash and insurance products, as well as digital and mobile banking. The company also provides solutions for payments and liquidity, working capital, hedging, international trade and treasury operations; and financing solutions including structured, project and commodity and export trade finance, as well as debt and equity financing; and structured investments and investment advisory solutions.
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