Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Brief Update on Interests

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Intesa Sanpaolo SpA (OTCMKTS:ISNPY) saw a sharp drop in short-term interest in January. As of January 31, there was short interest totaling 83,600 shares, a decrease of 60.7% from the total of 212,900 shares as of January 15. Based on an average trading volume of 643,400 shares, the day-to-cover ratio is currently 0.1 day.

Shares of ISNPY traded down $0.96 at midday Friday, hitting $18.89. The company had a trading volume of 301,493 shares, against an average volume of 277,007. The company’s 50-day simple moving average is $16.66 and its 200-day simple moving average is $16.76 . Intesa Sanpaolo has a 1-year minimum of $14.22 and a 1-year maximum of $20.22.

Several research firms have weighed in on ISNPY. Societe Generale raised its price target on Intesa Sanpaolo from €2.65 ($3.05) to €2.75 ($3.16) and gave the company a “hold” rating in a research report Monday, February 7. Credit Suisse Group raised its price target on Intesa Sanpaolo from €2.50 ($2.87) to €2.70 ($3.10) and gave the company a “neutral” rating in a report. research from Monday, February 7. Morgan Stanley upgraded Intesa Sanpaolo from a “weighted” rating to an “overweight” rating in a Friday, January 21 research report. Barclays reaffirmed an “overweight” rating on Intesa Sanpaolo shares in a Monday, October 25 research report. Finally, Zacks Investment Research upgraded Intesa Sanpaolo from a “sell” rating to a “hold” rating in a Monday, February 7 research report. Five research analysts gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.15.

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About Intesa San Paolo

Intesa Sanpaolo SpA is engaged in the provision of financial products and banking services. It operates through the following segments: Banca dei Territori, IMI Corporate and Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, Insurance and Corporate Center. The Banca dei Territori segment oversees traditional lending and deposit taking activities in Italy.

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