Short Interest in UniCredit S.p.A. (OTCMKTS:UNCRY) Increases By 151.7%

UniCredit S.p.A. (OTCMKTS:UNCRY – Get Rating) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 75,000 shares, a growth of 151.7% from the April 30th total of 29,800 shares. Based on an average daily trading volume, of 266,600 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of research firms recently weighed in on UNCRY. AlphaValue upgraded UniCredit to a “sell” rating in a report on Thursday, February 2nd. Societe Generale upgraded UniCredit from a “hold” rating to a “buy” rating in a report on Wednesday, February 1st. Finally, Barclays raised shares of UniCredit from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.16.

UniCredit Stock Performance

Shares of OTCMKTS UNCRY traded up $0.21 during mid-day trading on Friday, reaching $10.04. 149,771 shares of the company were exchanged, compared to its average volume of 179,377. The company’s 50 day moving average price is $9.91 and its 200 day moving average price is $8.72. UniCredit has a 52 week low of $4.09 and a 52 week high of $10.84.

UniCredit Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 11th. Stockholders of record on Tuesday, April 25th were paid a dividend of $0.3469 per share. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, April 24th.

About UniCredit

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UniCredit SpA engages in the provision of banking and financial solutions. It operates through the following geographical segments: Italy, Germany, Central Europe (including Austria, Czech Republic and Slovakia, Hungary, Slovenia), Eastern Europe (including Bosnia and Herzegovina, Bulgaria, Croatia, Romania, Serbia, Russia).