Short Interest in CaixaBank, S.A. (OTCMKTS:CAIXY) Increases By 512.6%

CaixaBank, S.A. (OTCMKTS:CAIXY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 185,000 shares, an increase of 512.6% from the December 15th total of 30,200 shares. Based on an average daily trading volume, of 825,000 shares, the days-to-cover ratio is currently 0.2 days.

CaixaBank Price Performance

OTCMKTS CAIXY traded up $0.03 on Monday, hitting $1.94. 497,652 shares of the company traded hands, compared to its average volume of 305,086. The business’s 50 day moving average price is $1.88 and its 200-day moving average price is $1.91. CaixaBank has a 52-week low of $1.33 and a 52-week high of $2.75.

CaixaBank Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, November 12th were issued a $0.0328 dividend. The ex-dividend date was Tuesday, November 12th.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of CaixaBank from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.