Short Interest in FinecoBank Banca Fineco S.p.A. (OTCMKTS:FCBBF) Drops By 5.2%

FinecoBank Banca Fineco S.p.A. (OTCMKTS:FCBBF) was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 9,699,500 shares, a drop of 5.2% from the July 31st total of 10,227,800 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

FinecoBank Banca Fineco Price Performance

FCBBF opened at $13.45 on Thursday. FinecoBank Banca Fineco has a 52-week low of $13.08 and a 52-week high of $13.96. The business’s fifty day moving average is $13.84 and its 200-day moving average is $15.33.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of FinecoBank Banca Fineco from an “underperform” rating to a “hold” rating in a research report on Thursday, June 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.95.

About FinecoBank Banca Fineco

FinecoBank Banca Fineco S.p.A. provides banking and investment products and services. It operates through Banking, Brokerage, and Investing segments. The company offers banking services, including current account and deposit services, payment services, mortgages, and personal loans, as well as debit, credit, and prepaid cards; and brokerage services comprising order execution services on behalf of customers with direct access to global equity markets, as well as to trade on currencies, indices, shares, bonds, commodities, futures, options, bonds, ETFs, and certificates.