Mediobanca Banca di Credito Finanziario S.p.A. (OTCMKTS:MDIBY) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,500 shares, a growth of 150.0% from the December 15th total of 600 shares. Based on an average daily volume of 54,200 shares, the short-interest ratio is currently 0.0 days.
Shares of OTCMKTS:MDIBY opened at $11.84 on Friday. The firm’s 50-day simple moving average is $11.52 and its 200-day simple moving average is $11.64. Mediobanca Banca di Credito Finanziario has a fifty-two week low of $8.75 and a fifty-two week high of $12.63.
Several research analysts have issued reports on MDIBY shares. UBS Group raised shares of Mediobanca Banca di Credito Finanziario to a “buy” rating and raised their price objective for the stock from $11.30 to $12.00 in a research report on Tuesday, November 2nd. Morgan Stanley raised shares of Mediobanca Banca di Credito Finanziario to an “overweight” rating in a research report on Monday, November 8th. Barclays downgraded shares of Mediobanca Banca di Credito Finanziario from an “overweight” rating to an “equal weight” rating and set a €11.50 ($13.07) price objective on the stock. in a research report on Monday, October 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Mediobanca Banca di Credito Finanziario from a “buy” rating to a “hold” rating and set a $10.90 price objective on the stock. in a research report on Wednesday, October 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $11.60.
Mediobanca SpA engages in the provision of financial and banking services. It operates through the following business segments: Corporate and Investment Banking; Principal Investing; Consumer Banking; Wealth Management; and Holding Functions. The Corporate and Investment Banking segment comprises wholesale banking and specialty finance services which include lending, proprietary trading, factoring, and credit management to corporate clients.
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