Intesa Sanpaolo S.p.A. (OTCMKTS:IITSF) Sees Large Drop in Short Interest

Intesa Sanpaolo S.p.A. (OTCMKTS:IITSF) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 78,241,100 shares, a drop of 23.3% from the December 15th total of 101,971,100 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is currently 16,300.2 days.

Intesa Sanpaolo Stock Performance

OTCMKTS:IITSF opened at $4.24 on Friday. Intesa Sanpaolo has a 12-month low of $2.97 and a 12-month high of $4.41. The stock’s fifty day simple moving average is $4.02 and its 200-day simple moving average is $4.05.

About Intesa Sanpaolo

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services.