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

CaixaBank, S.A. (OTCMKTS:CAIXY) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 103,800 shares, a drop of 65.4% from the February 13th total of 300,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 636,000 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods cut shares of CaixaBank from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded CaixaBank from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada upgraded CaixaBank to a “hold” rating in a report on Wednesday, January 15th.

CaixaBank Stock Down 2.4 %

Shares of OTCMKTS:CAIXY traded down $0.06 during trading hours on Friday, hitting $2.47. 512,197 shares of the company’s stock traded hands, compared to its average volume of 332,846. The business has a fifty day moving average price of $2.13 and a 200-day moving average price of $2.00. CaixaBank has a 1 year low of $1.55 and a 1 year high of $2.75.

About CaixaBank

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.