Time to Reconsider CAIXABANK SA (OTCMKTS:CIXPF) After Less Short Sellers?

September 17, 2017 - By Vivian Currie

The stock of CAIXABANK SA (OTCMKTS:CIXPF) registered a decrease of 1.85% in short interest. CIXPF’s total short interest was 2.23M shares in September as published by FINRA. Its down 1.85% from 2.27M shares, reported previously. With 5,600 shares average volume, it will take short sellers 398 days to cover their CIXPF’s short positions.

It closed at $4.99 lastly. It is down 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Caixabank SA is a Spain-based bank. Its activities are divided into two business divisions: Banking and insurance, as well as Investments. The company has market cap of $29.82 billion. The Banking and insurance division provides financial services for individual customers, including retail, private and personal banking, business customers, such as commercial and corporate banking, cash management and markets solutions, as well as offers insurance products. It currently has negative earnings. The Investments division includes investments in the international banking investee portfolio, as well as stakes in other companies, such as Repsol SA and Telefonica SA.

More notable recent Caixabank SA (OTCMKTS:CIXPF) news were published by: Seekingalpha.com which released: “CaixaBank – The Best (And Largest!) Bank In Spain” on September 11, 2015, also Reuters.com with their article: “Spain’s Caixabank in plans to acquire Dos Santos stake in BPI: Bloomberg” published on March 01, 2016, Seekingalpha.com published: “Caixabank Acquisition Of BPI: An Attractive Franchise Geared On Booming Portugal” on April 18, 2017. More interesting news about Caixabank SA (OTCMKTS:CIXPF) were released by: Bloomberg.com and their article: “CaixaBank Raises BPI Takeover Bid as Offer Becomes Mandatory” published on September 21, 2016 as well as Marketwatch.com‘s news article titled: “1.67” with publication date: December 13, 2011.

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