Is Buying BNP PARIBAS SPONS AD (OTCMKTS:BNPQY), Having Higher Short Interest a Winning Strategy?

September 17, 2017 - By Migdalia James

The stock of BNP PARIBAS SPONS AD (OTCMKTS:BNPQY) registered an increase of 7.26% in short interest. BNPQY’s total short interest was 115,200 shares in September as published by FINRA. Its up 7.26% from 107,400 shares, reported previously. With 271,200 shares average volume, it will take short sellers 0 days to cover their BNPQY’s short positions.

The stock decreased 0.50% or $0.2 during the last trading session, reaching $39.49. About 366,809 shares traded or 144.65% up from the average. BNP Paribas SA (ADR) (OTCMKTS:BNPQY) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

BNP Paribas SA is a France-based company engaged in the financial industry. The company has market cap of $99.10 billion. The Firm provides banking and financial services. It currently has negative earnings. The Firm operates in two divisions: Retail Banking and Services, and Corporate and Institutional Banking .

BNP Paribas SA (ADR) (OTCMKTS:BNPQY) Ratings Coverage

Among 5 analysts covering BNP Paribas (OTCMKTS:BNPQY), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. BNP Paribas had 5 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was upgraded by Kepler Cheuvreux to “Buy” on Friday, January 6. Goldman Sachs upgraded the stock to “Buy” rating in Monday, July 27 report. The rating was initiated by Credit Suisse with “Neutral” on Friday, September 16. The company was upgraded on Wednesday, October 19 by JP Morgan. Jefferies initiated the stock with “Hold” rating in Wednesday, September 14 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.