Banco Comercial Português, S.A. Sees Significant Rise in Short Interest

Banco Comercial Português, S.A. (OTCMKTS:BPCGY - Get Free Report) experienced a notable increase in short interest during the month of March. As of March 15th, the total short interest reached 1,700 shares, representing a remarkable growth of 70.0% compared to the 1,000 shares reported on February 28th. At the moment, only 0.0% of the company's shares are sold short. Given the average trading volume of 900 shares per day, the days-to-cover ratio currently stands at 1.9 days.

Banco Comercial Português Price Performance

During mid-day trading on Friday, the shares of Banco Comercial Português remained stable at $6.50. The stock has recorded a 52-week low of $4.11 and a 52-week high of $6.65. The firm’s 50-day moving average is $5.51, while the 200-day moving average sits at $5.13.

Analysts Set New Price Targets

In a separate update, Barclays has upgraded shares of Banco Comercial Português to a "strong-buy" rating as of March 6th.

Learn More About Banco Comercial Português

About Banco Comercial Português

(Get Free Report)

Banco Comercial Português, S.A. is a private-sector bank that provides a wide range of banking and financial products and services both in Portugal and internationally. The bank operates through various segments including Retail Banking, Companies, Corporate & Investment Banking, Private Banking, and Foreign Business.

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