Short Interest in CaixaBank, S.A. (OTCMKTS:CAIXY) Expands By 321.4%

CaixaBank, S.A. (OTCMKTS:CAIXY) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 218,300 shares, a growth of 321.4% from the January 15th total of 51,800 shares. Based on an average trading volume of 450,200 shares, the days-to-cover ratio is presently 0.5 days.

CaixaBank Price Performance

Shares of CaixaBank stock traded up $0.01 on Friday, hitting $2.19. The stock had a trading volume of 1,215,043 shares, compared to its average volume of 266,781. CaixaBank has a twelve month low of $1.37 and a twelve month high of $2.75. The business’s 50 day moving average is $1.89 and its two-hundred day moving average is $1.93.

Analysts Set New Price Targets

CAIXY has been the subject of several research reports. Barclays downgraded CaixaBank from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Royal Bank of Canada raised shares of CaixaBank to a “hold” rating in a report on Wednesday, January 15th.

CaixaBank Company Profile

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.