Banco de Chile (NYSE:BCH) Short Interest Down 5.2% in October

Banco de Chile (NYSE:BCH) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 284,800 shares, a drop of 5.2% from the October 15th total of 300,300 shares. Based on an average daily volume of 161,000 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. bought a new stake in shares of Banco de Chile in the 2nd quarter worth approximately $60,462,000. Bessemer Group Inc. bought a new stake in shares of Banco de Chile in the first quarter valued at $6,189,000. Itau Unibanco Holding S.A. purchased a new position in shares of Banco de Chile during the 3rd quarter valued at $2,411,000. State Street Corp grew its stake in shares of Banco de Chile by 293.4% during the 3rd quarter. State Street Corp now owns 128,448 shares of the bank’s stock worth $3,251,000 after acquiring an additional 95,797 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Banco de Chile by 61.5% in the 2nd quarter. AQR Capital Management LLC now owns 243,009 shares of the bank’s stock worth $5,499,000 after acquiring an additional 92,532 shares during the last quarter. Institutional investors own 1.24% of the company’s stock.

Banco de Chile Price Performance

Banco de Chile stock opened at $23.05 on Monday. Banco de Chile has a 52-week low of $20.93 and a 52-week high of $25.97. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s 50 day moving average price is $24.24 and its two-hundred day moving average price is $23.98.

Banco de Chile (NYSE:BCH) last issued its earnings results on Tuesday, October 29th. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03). Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. The firm had revenue of $980.10 million during the quarter, compared to the consensus estimate of $796.96 million. As a group, equities analysts forecast that Banco de Chile will post 2.51 EPS for the current year.

Banco de Chile Company Profile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.