Bankinter SA (OTCMKTS:BKNIY) Shares Shorted: Short Interest Down 41.5% in September

Bankinter SA (OTCMKTS:BKNIY) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 17,113 shares, a decrease of 41.5% from the September 15th total of 29,270 shares. Based on an average daily trading volume, of 24,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

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

Bankinter Stock Down 0.3%

Shares of Bankinter stock traded down $0.06 during trading on Thursday, reaching $17.00. 2,640 shares of the stock were exchanged, compared to its average volume of 56,170. Bankinter has a 1 year low of $14.65 and a 1 year high of $20.07. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 11.64 and a beta of -0.16. The stock’s fifty day moving average is $18.90 and its 200 day moving average is $17.62.

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 the consensus estimate of $0.37 by $0.03. The business had revenue of $936.89 million during the quarter, compared to analysts’ expectations of $909.46 million. Bankinter had a return on equity of 18.20% and a net margin of 24.27%. Equities analysts forecast that Bankinter will post 1.52 earnings per share for the current year.

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.