Could CAIXABANK SA (OTCMKTS:CIXPF) Skyrocket? The Stock Had Too Little Sellers

September 17, 2017 - By Marguerite Chambers

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: Ft.com which released: “CaixaBank reports €182m loss as Repsol stake suffers impairment” on January 29, 2016, also Bloomberg.com with their article: “CaixaBank Raises BPI Takeover Bid as Offer Becomes Mandatory” published on September 21, 2016, Reuters.com published: “Spain’s Caixabank in plans to acquire Dos Santos stake in BPI: Bloomberg” on March 01, 2016. More interesting news about Caixabank SA (OTCMKTS:CIXPF) were released by: Bloomberg.com and their article: “CaixaBank Extends Drop After Selling $1.5 Billion Shares for BPI” published on September 22, 2016 as well as Seekingalpha.com‘s news article titled: “CaixaBank – The Best (And Largest!) Bank In Spain” with publication date: September 11, 2015.

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