Bankinter SA (OTCMKTS:BKNIY) Stock Short Interest Jumps 47.5%

Bankinter SA (OTCMKTS:BKNIY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 29,270 shares, an increase of 47.5% from the August 31st total of 19,848 shares. Based on an average daily volume of 17,553 shares, the short-interest ratio is currently 1.7 days. Currently, 0.0% of the shares of the stock are sold short.

Bankinter Price Performance

Shares of OTCMKTS:BKNIY traded down $0.31 during midday trading on Thursday, hitting $18.01. The company had a trading volume of 8,253 shares, compared to its average volume of 57,604. Bankinter has a twelve month low of $14.65 and a twelve month high of $20.07. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 12.34 and a beta of -0.18. The business’s 50-day simple moving average is $19.08 and its 200-day simple moving average is $17.47.

Bankinter (OTCMKTS:BKNIY) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $936.89 million for the quarter, compared to analyst estimates of $909.46 million. Bankinter had a return on equity of 18.20% and a net margin of 24.27%. As a group, sell-side analysts forecast that Bankinter will post 1.52 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bankinter in a research note on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Bankinter Company Profile

Bankinter, SA is a Spanish financial services company headquartered in Madrid. Founded in 1965 as Banco Intercontinental Español, a joint venture between Bank of America and Banco de Santander, the bank became an independent listed institution and adopted the Bankinter name in 1990.

The company provides retail and commercial banking services to individuals, businesses and institutions. Its offerings include current and savings accounts, mortgages, consumer and business loans, payment services, investment products, securities brokerage, asset management and private banking.