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

Intesa Sanpaolo S.p.A. (OTCMKTS:IITSF) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 110,537,900 shares, a decline of 13.2% from the October 15th total of 127,349,400 shares. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is currently 5,911.1 days.

Intesa Sanpaolo Price Performance

IITSF stock opened at $4.10 on Monday. The firm has a 50 day simple moving average of $4.21 and a two-hundred day simple moving average of $3.99. Intesa Sanpaolo has a one year low of $2.80 and a one year high of $4.41.

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.