It Seems Itau Unibanco Banco Holding SA American Depositary (NYSE:ITUB) Will Go Up. Just Reported Less Shorted Shares

Itau Unibanco Holding S.A. (NYSE:ITUB) Logo

The stock of Itau Unibanco Banco Holding SA American Depositary (NYSE:ITUB) registered a decrease of 2.88% in short interest. ITUB’s total short interest was 12.36M shares in October as published by FINRA. Its down 2.88% from 12.73M shares, reported previously. With 18.17 million shares average volume, it will take short sellers 1 days to cover their ITUB’s short positions. The short interest to Itau Unibanco Banco Holding SA American Depositary’s float is 0.26%.

The stock increased 2.35% or $0.19 during the last trading session, reaching $8.26. About 18.60 million shares traded or 1.48% up from the average. Itau Unibanco Holding S.A. (NYSE:ITUB) has risen 12.71% since October 12, 2018 and is uptrending. It has outperformed by 12.71% the S&P500.

Itaú Unibanco Holding S.A. provides a range of financial services and products to individuals and corporate clients in Brazil and internationally. The company has market cap of $75.34 billion. The firm operates in three divisions: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It has a 12.91 P/E ratio. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, and vehicle loans, as well as credit cards.

More notable recent Itau Unibanco Holding S.A. (NYSE:ITUB) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For August 7, 2019 – Benzinga” on August 07, 2019, also Finance.Yahoo.com with their article: “6 Cheap Stocks Boosting Book Value – Yahoo Finance” published on September 17, 2019, Zacks.com published: “Itau Unibanco (ITUB) Receives Approval for 50% Stock Split – Zacks.com” on November 05, 2018. More interesting news about Itau Unibanco Holding S.A. (NYSE:ITUB) were released by: Finance.Yahoo.com and their article: “Is General Electric Company (GE) A Good Stock To Buy? – Yahoo Finance” published on June 10, 2019 as well as Seekingalpha.com‘s news article titled: “Itau Unibanco Holding S.A. (ITUB) CEO Candido Botelho Bracher on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” with publication date: July 30, 2019.

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