CaixaBank, S.A. (OTCMKTS:CAIXY) Short Interest Up 317.3% in October

CaixaBank, S.A. (OTCMKTS:CAIXY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 53,000 shares, an increase of 317.3% from the September 30th total of 12,700 shares. Based on an average daily volume of 268,200 shares, the days-to-cover ratio is presently 0.2 days.

CaixaBank Stock Performance

Shares of OTCMKTS:CAIXY traded down $0.04 during midday trading on Friday, hitting $1.92. The company’s stock had a trading volume of 84,194 shares, compared to its average volume of 91,009. The business’s 50 day simple moving average is $1.97 and its 200 day simple moving average is $1.86. CaixaBank has a 12-month low of $1.24 and a 12-month high of $2.36.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of CaixaBank from a “strong-buy” rating to a “hold” rating in a research report on Monday.

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.