Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) Sees Significant Increase in Short Interest

Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 3,119,800 shares, a growth of 17.1% from the September 30th total of 2,663,900 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is currently 663.8 days.

Banca Monte dei Paschi di Siena Price Performance

Shares of BMDPF opened at $5.59 on Wednesday. Banca Monte dei Paschi di Siena has a one year low of $3.60 and a one year high of $5.94. The stock’s fifty day moving average is $5.52 and its 200-day moving average is $5.25.

About Banca Monte dei Paschi di Siena

Banca Monte dei Paschi di Siena S.p.A. provides retail and commercial banking services in Italy. The company operates through Retail Banking, Corporate Banking, Wealth Management, and Large Corporate and Investment Banking segments. It offers funding and lending services, insurance products, financial advisory, and electronic payment services; financial and non-financial services; wealth management and financial planning services; consultancy services, such as tax planning, real estate, art, and legal advisory; fiduciary and trust services; and digital banking services.