Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY – Get Rating) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 32,300 shares, a decline of 63.2% from the February 28th total of 87,700 shares. Based on an average daily trading volume, of 1,065,900 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of Intesa Sanpaolo from a "market perform" rating to an "outperform" rating in a report on Friday, February 17th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Intesa Sanpaolo currently has an average rating of "Moderate Buy" and an average price target of $2.46.

Intesa Sanpaolo Price Performance

OTCMKTS:ISNPY traded up $0.06 during mid-day trading on Tuesday, reaching $14.76. The company's stock had a trading volume of 205,572 shares, compared to its average volume of 383,072. Intesa Sanpaolo has a 12-month low of $9.36 and a 12-month high of $16.70. The firm's fifty day moving average price is $15.54 and its two-hundred day moving average price is $13.42.

Intesa Sanpaolo Company Profile

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Intesa Sanpaolo SpA engages in the provision of financial products and banking services. It operates through the following segments: Banca dei Territori, IMI Corporate and Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, Insurance, and Corporate Centre. The Banca dei Territori segment oversees the traditional lending and deposit collection activities in Italy.

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