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

Intesa Sanpaolo S.p.A. (OTCMKTS:IITSF) saw a large 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 trading volume of 18,700 shares, the short-interest ratio is currently 5,911.1 days.

Intesa Sanpaolo Stock Performance

IITSF opened at $4.10 on Monday. The stock’s 50 day simple moving average is $4.21 and its 200 day simple moving average is $3.99. Intesa Sanpaolo has a 1 year low of $2.80 and a 1 year high of $4.41.

Intesa Sanpaolo Company Profile

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.