Short Interest in Banco Santander SA (SAN) Decreases By 32.4%

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Banco Santander SA (NYSE:SAN) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 4,240,234 shares, a drop of 32.4% from the February 15th total of 6,275,577 shares. Based on an average trading volume of 8,112,381 shares, the days-to-cover ratio is currently 0.5 days.

Shares of NYSE SAN opened at $4.98 on Thursday. The company has a debt-to-equity ratio of 4.05, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $80.84 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09. Banco Santander has a fifty-two week low of $4.21 and a fifty-two week high of $6.82.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Tuesday, January 29th. The bank reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $14.31 billion during the quarter. Banco Santander had a return on equity of 7.56% and a net margin of 16.13%. On average, equities analysts anticipate that Banco Santander will post 0.55 earnings per share for the current year.

Several equities research analysts have weighed in on SAN shares. Zacks Investment Research downgraded Banco Santander from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Goldman Sachs Group raised Banco Santander to a “buy” rating and set a $6.00 price target for the company in a report on Saturday, February 9th. ValuEngine raised Banco Santander from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, TheStreet downgraded Banco Santander from an “a-” rating to a “d” rating in a report on Thursday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $6.75.

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its holdings in shares of Banco Santander by 46,183.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,554 shares of the bank’s stock worth $25,000 after purchasing an additional 5,542 shares during the period. Lenox Wealth Management Inc. lifted its holdings in shares of Banco Santander by 1,064.1% during the fourth quarter. Lenox Wealth Management Inc. now owns 5,844 shares of the bank’s stock worth $26,000 after purchasing an additional 5,342 shares during the period. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Banco Santander during the fourth quarter worth about $30,000. Sontag Advisory LLC acquired a new stake in shares of Banco Santander during the fourth quarter worth about $40,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Banco Santander by 76.5% during the fourth quarter. Parallel Advisors LLC now owns 9,606 shares of the bank’s stock worth $43,000 after purchasing an additional 4,164 shares during the period. 1.86% of the stock is owned by hedge funds and other institutional investors.

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About Banco Santander

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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