Banco Santander, S.A. (OTCMKTS:BCDRF) Sees Large Drop in Short Interest

Banco Santander, S.A. (OTCMKTS:BCDRF) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 28,772,917 shares, a decrease of 40.2% from the August 31st total of 48,148,500 shares. Based on an average trading volume of 15,006 shares, the short-interest ratio is currently 1,917.4 days.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $12.59 on Friday. The business has a 50-day moving average of $14.42 and a 200 day moving average of $13.17. Banco Santander has a 12 month low of $9.46 and a 12 month high of $15.65.

About Banco Santander

Banco Santander, SA is a Spain-based banking group that provides financial products and services to individuals, businesses and institutions. Its operations include retail banking, commercial banking, corporate and investment banking, consumer finance, private banking, wealth management, payments and insurance-related services.

Founded in 1857, Santander has developed into an international financial group serving customers across Europe, North America and South America. Its principal markets include Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile and Argentina, along with other selected countries and international financial centers.

The company offers deposit accounts, mortgages, personal and business loans, credit cards, investment and advisory services, cash-management solutions and digital banking products.