Itau Unibanco Banco Holding SA (ITUB): Price Target and June Short Interest Disclosure

Itau Unibanco Banco Holding SA (ITUB) : The consensus price target for Itau Unibanco Banco Holding SA (ITUB) is $7.5 for the short term with a standard deviation of $0.71. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $8, however, the pessimist price target for the company is $7.

Itau Unibanco Banco Holding SA (ITUB) encountered a drop of 19.9% or -6,583,940 shares in the short positions. The number dropped from 33,094,772 on June 15,2016 to 26,510,832 on June 30,2016. The final interest is 0.9% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 14,267,134 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, HSBC, downgrades their rating on the shares of Itau Unibanco Banco Holding SA (NYSE:ITUB). HSBC has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 2, 2016.


Itau Unibanco Banco Holding SA (NYSE:ITUB): stock turned positive on Thursday. Though the stock opened at $10.33, the bulls momentum made the stock top out at $10.44 level for the day. The stock recorded a low of $10.205 and closed the trading day at $10.26, in the green by 3.01%. The total traded volume for the day was 14,270,851. The stock had closed at $9.96 in the previous days trading.

Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus, subordinated debt surplus and the net balance of tax credits and debits.

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