Short Interest in Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) Declines By 31.8%

Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,443,200 shares, a drop of 31.8% from the August 15th total of 3,582,100 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 8,144.0 days.

Banca Monte dei Paschi di Siena Stock Performance

Shares of BMDPF stock remained flat at $5.46 during mid-day trading on Friday. Banca Monte dei Paschi di Siena has a fifty-two week low of $2.65 and a fifty-two week high of $5.94. The company’s 50-day simple moving average is $5.39 and its two-hundred day simple moving average is $4.90.

About Banca Monte dei Paschi di Siena

Banca Monte dei Paschi di Siena S.p.A. provides retail and commercial banking services in Italy. The company operates through Retail Banking, Corporate Banking, Wealth Management, and Large Corporate and Investment Banking segments. It offers funding and lending services, insurance products, financial advisory, and electronic payment services; financial and non-financial services; wealth management and financial planning services; consultancy services, such as tax planning, real estate, art, and legal advisory; fiduciary and trust services; and digital banking services.