Short Interest in CaixaBank, S.A. (OTCMKTS:CAIXY) Drops By 65.4%

CaixaBank, S.A. (OTCMKTS:CAIXYGet Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 103,800 shares, a decline of 65.4% from the February 13th total of 300,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 636,000 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

CAIXY has been the subject of a number of recent research reports. Keefe, Bruyette & Woods downgraded CaixaBank from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded CaixaBank from a “hold” rating to a “sell” rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada upgraded CaixaBank to a “hold” rating in a research note on Wednesday, January 15th.

Get Our Latest Research Report on CaixaBank

CaixaBank Trading Up 2.4 %

CAIXY stock traded up $0.06 during midday trading on Friday, hitting $2.53. The company’s stock had a trading volume of 490,999 shares, compared to its average volume of 335,524. CaixaBank has a 12 month low of $1.58 and a 12 month high of $2.75. The company has a 50 day moving average of $2.14 and a two-hundred day moving average of $2.00.

CaixaBank Company Profile

(Get Free Report)

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.

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