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

Bankinter SA (OTCMKTS:BKNIY) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 17,113 shares, a drop of 41.5% from the September 15th total of 29,270 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 24,900 shares, the days-to-cover ratio is presently 0.7 days.

Bankinter Stock Down 0.3%

BKNIY traded down $0.06 during midday trading on Thursday, reaching $17.00. The company had a trading volume of 2,640 shares, compared to its average volume of 56,170. The business has a 50-day moving average of $18.90 and a two-hundred day moving average of $17.62. Bankinter has a 1 year low of $14.65 and a 1 year high of $20.07. The company has a market cap of $15.28 billion, a P/E ratio of 11.64 and a beta of -0.16.

Bankinter (OTCMKTS:BKNIY) last released its earnings results on Thursday, July 23rd. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm 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%. On average, equities research analysts predict that Bankinter will post 1.52 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada restated 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock 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.