Sanpaolo Imi Spa Ads (NASDAQ:IMI), Up By 5.35% ($0.41) After BUYINS.NET SqueezeTrigger Report Released on Friday, June 29th 201
July 4, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, released a report on Friday, June 29th 2012 at 13:16:00 PDT stating that Sanpaolo Imi Spa Ads (NASDAQ:IMI) was expected to be Up After it crossed above its SqueezeTrigger Price of 7.57 on Friday, June 29th 2012. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=imi&id=289469
From August 2009 to June 2012, an aggregate amount of 4166574 shares of IMI have been shorted for a total dollar value of $29166018. The IMI SqueezeTrigger price of $7.57 is the volume weighted average price that all shorts are short in shares of IMI. There is still approximately $5,010,035 of potential short covering in shares of IMI.
SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com .
Sanpaolo Imi Spa Ads (NASDAQ:IMI) - Sanpaolo IMI S.p.A. (Sanpaolo IMI) is a full-service banking company that provides a range of credit, and financial products and services to customers in Italy and in other international markets. The Company's business consists of banking, asset management, capital markets activities and other banking-related services. Sanpaolo IMI's principal banking operations include retail banking, corporate banking, mortgage lending, medium and long-term lending, asset management, insurance and investment banking, including advisory, structured finance and merchant banking. In addition, the Company is active in treasury and trading operations. Sanpaolo IMI's capital markets activities include participating in the Italian government bond market and participating as an underwriter and trader in the Italian domestic equity market, as well as a manager in Eurobond issues and warrants. On February 16, 2004, the Company acquired a 50% equity interest in Allfunds Bank.
During the year ended December 31, 2004, the Company introduced a new organizational structure, whereby its previous business sectors, particularly, Domestic Banking Networks, Personal Financial Services, Wealth Management and Financial Markets and International Activities, were replaced by Commercial Banking, Asset Management, Investment Banking, Personal Financial Services, Insurance Activities, and Public Authorities and Entities. The new organizational model is focused on commercial banking. At December 31, 2004, Sanpaolo IMI's direct customer deposits totalled ?135.2 billion, assets under management totalled ?144.5 billion, and assets under administration totalled ?97.8 billion.
Commercial Banking
Commercial Banking business sector, which constitutes Sanpaolo IMI's core business, comprises banking networks in Sanpaolo, which is widespread in north western Italy, and located in central Italy and its islands; Cassa di Risparmio di Padova e Rovigo, Cassa di Risparmio in Bologna, Cassa di Risparmio di Venezia and Friulcassa, which are located in the north east of Italy; Banca Popolare dell'Adriatico, with a presence in the central Adriatic regions, and Sanpaolo Banco di Napoli, with a presence in the mainland southern regions of Italy. The Company's networks provide service to retail and private customers, and companies through more than 3,000 banking branches and integrated multi-channel infrastructures.
Commercial Banking business sector also includes the large groups unit, which is responsible for managing relations with the major groups of domestic and international importance; the Company's international activities and foreign networks, which focus on corporate lending, and its Irish subsidiary, Sanpaolo IMI Bank Ireland and Sanpaolo IMI Internazionale that develops and supervises Sanpaolo IMI's activities in Central and Eastern Europe. In addition, the Commercial Banking business sector includes companies operating in private banking, consumer credit and leasing.
Asset Management
The Asset Management business sector includes Sanpaolo IMI Asset Management and its subsidiaries, which provides asset management products to the Company's networks, as well as institutional investors. On November 29, 2004, Sanpaolo IMI wealth management spun-off its asset management activities to Sanpaolo IMI Asset Management and distributed to its remaining activities to the Company.
Investment Banking and Personal Financial Services
The Investment Banking business sector operates through Banca IMI, the Company's investment bank; Sanpaolo IMI Private Equity, which is responsible for private equity activities; IMI Investimenti, which is dedicated to the management of major industrial shareholdings, and the Structured Finance unit, which is engaged in project financing and lending. The Personal Financial Services business sector manages the activities carried out by the networks of financial planners of the Banca Fideuram group to serve customers with medium/high savings potential.
Insurance Activities, and Public Authorities and Entities
On December 1, 2004, th
The SqueezeTrigger database of approximately 1 billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data. Total Short Interest is the number of shares shorted but not yet covered, and is different from total short volume. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com
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