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

Intesa Sanpaolo S.p.A. (OTCMKTS:IITSF) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 67,787,300 shares, a drop of 17.6% from the January 15th total of 82,227,400 shares. Based on an average daily trading volume, of 14,500 shares, the days-to-cover ratio is currently 4,675.0 days.

Intesa Sanpaolo Price Performance

Shares of IITSF traded up $0.01 during mid-day trading on Monday, hitting $4.66. 3,502 shares of the company’s stock were exchanged, compared to its average volume of 15,050. Intesa Sanpaolo has a 52 week low of $3.07 and a 52 week high of $4.66. The company has a 50-day simple moving average of $4.24 and a 200 day simple moving average of $4.13.

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.