Short Interest Watching: What Next for BANKIA SA (OTCMKTS:BNKXF) Stock After Increase in Shorted Shares?

November 28, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Watching: What Next for BANKIA SA (OTCMKTS:BNKXF) Stock After Increase in Shorted Shares?

The stock of BANKIA SA (OTCMKTS:BNKXF) registered an increase of 86.93% in short interest. BNKXF’s total short interest was 3.37 million shares in November as published by FINRA. Its up 86.93% from 1.80M shares, reported previously. With 2,800 shares average volume, it will take short sellers 1203 days to cover their BNKXF’s short positions. The stock closed at $0.928 during the last session. It is down 2.32% since April 25, 2016 and is downtrending. It has underperformed by 8.33% the S&P500.

BANKIA S.A. EUR0.80 (OTCMKTS:BNKXF) Ratings Coverage

Out of 4 analysts covering Bankia (OTCMKTS:BNKXF), 1 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 25% are positive. Bankia has been the topic of 4 analyst reports since September 3, 2015 according to StockzIntelligence Inc. Berenberg downgraded BANKIA S.A. EUR0.80 (OTCMKTS:BNKXF) on Wednesday, November 4 to “Sell” rating. As per Thursday, September 17, the company rating was upgraded by Morgan Stanley. The stock of BANKIA S.A. EUR0.80 (OTCMKTS:BNKXF) has “Underperform” rating given on Wednesday, September 23 by Bank of America. The stock has “Neutral” rating given by Credit Suisse on Thursday, September 3.

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By Pete Kolinski


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