What Will Happen to UNIONE DI BANCHE ITALIANE SCPA O (OTCMKTS:BPPUF) Next? The Stock Has Increase in Shorts

January 13, 2018 - By Vivian Park

The stock of UNIONE DI BANCHE ITALIANE SCPA O (OTCMKTS:BPPUF) registered an increase of 5.57% in short interest. BPPUF’s total short interest was 37.18M shares in January as published by FINRA. Its up 5.57% from 35.22M shares, reported previously. With 3,200 shares average volume, it will take short sellers 11619 days to cover their BPPUF’s short positions.

It closed at $4.425 lastly. It is down 0.00% since January 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Unione di Banche Italiane S.p.A., together with subsidiaries, provides banking services and products for retail, private banking, corporate, and institutional clients in Italy and internationally. The company has market cap of $5.13 billion. The firm operates through Banking, Non-Banking Financial, and Corporate Center divisions. It has a 6.67 P/E ratio. It offers various deposit and loan products; and asset management, bancassurance, leasing, and factoring services, as well as online banking services.

More notable recent Unione di Banche Italiane S.p.A. (OTCMKTS:BPPUF) news were published by: Marketwatch.com which released: “Unione di Banche Italiane SpA” on April 21, 2011, also Marketwatch.com with their article: “European stocks end lower, as Banca Monte dei Paschi stands on the brink” published on December 22, 2016, Ft.com published: “UBI Banca offers just €1 to buy 3 rescued Italian banks” on January 12, 2017. More interesting news about Unione di Banche Italiane S.p.A. (OTCMKTS:BPPUF) were released by: Reuters.com and their article: “BRIEF-Edoardo Mercadante held 5 pct of UBI Banca on Nov. 13 – filing” published on November 17, 2017 as well as Reuters.com‘s news article titled: “Italian bank UBI’s offices searched, executives under investigation: sources” with publication date: May 14, 2014.

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