Citadel eleva su apuesta bajista en Unicaja

Unicaja has now become the sole Spanish bank facing significant bearish pressure from Citadel, according to updated trading data and analysis. The hedge fund has increased its bearish stance against Unicaja's stock value, aligning with the downward correction anticipated by Morgan Stanley analysts. The Spanish banking sector has generally enjoyed a respite from bearish sentiments, despite the recent volatility in stock prices.

The impending rise in interest rates by the European Central Bank further supports the banking sector. Unicaja is the only entity among the six Ibex-listed banks to show substantial short positions, exceeding 0.50% of its capital. Citadel's latest bearish move was recorded yesterday, with the firm now holding loaned shares of Unicaja, with the aim of profiting from potential declines on the stock exchange, equivalent to 0.61% of its shares.

In its previous notification to the CNMV, filed on August 25th, Citadel had declared a 0.51% bearish position, just above the 0.50% threshold that requires bearish firms to disclose their positions. Morgan Stanley recently adjusted its price objective for Unicaja, lowering its target to 2.8 euros per share, representing a 21% potential downside from the previous closing level, the highest in September.