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

CaixaBank, S.A. (OTCMKTS:CAIXY) was the target of a significant decline in short interest in 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. Based on an average trading volume of 636,000 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

CaixaBank Price Performance

Shares of CAIXY traded up $0.06 during trading hours on Friday, hitting $2.53. The company had a trading volume of 490,999 shares, compared to its average volume of 335,524. The firm has a fifty day moving average price of $2.14 and a 200-day moving average price of $2.00. CaixaBank has a 52-week low of $1.58 and a 52-week high of $2.75.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CAIXY. Royal Bank of Canada upgraded shares of CaixaBank to a “hold” rating in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft cut shares of CaixaBank from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Finally, Keefe, Bruyette & Woods cut shares of CaixaBank from a “moderate buy” rating to a “hold” rating in a report on Monday, February 24th.

CaixaBank Company Profile

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.