Short Interest in Banco de Chile (NYSE:BCH) Rises By 59.6%

Banco de Chile (NYSE:BCH) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 454,600 shares, an increase of 59.6% from the October 31st total of 284,800 shares. Based on an average daily volume of 177,100 shares, the short-interest ratio is currently 2.6 days.

Institutional Investors Weigh In On Banco de Chile

A number of institutional investors have recently added to or reduced their stakes in BCH. Allspring Global Investments Holdings LLC acquired a new stake in Banco de Chile in the 3rd quarter valued at $36,000. Blue Trust Inc. lifted its holdings in shares of Banco de Chile by 629.3% during the second quarter. Blue Trust Inc. now owns 6,564 shares of the bank’s stock valued at $146,000 after acquiring an additional 5,664 shares during the period. Creative Planning acquired a new stake in shares of Banco de Chile in the 3rd quarter valued at $225,000. Quantinno Capital Management LP acquired a new stake in shares of Banco de Chile in the 3rd quarter valued at $261,000. Finally, Barclays PLC grew its holdings in shares of Banco de Chile by 81.8% in the 3rd quarter. Barclays PLC now owns 11,151 shares of the bank’s stock worth $282,000 after purchasing an additional 5,016 shares during the last quarter. 1.24% of the stock is owned by institutional investors and hedge funds.

Banco de Chile Stock Performance

BCH opened at $22.85 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.99. The firm’s fifty day moving average price is $23.99 and its two-hundred day moving average price is $23.98. Banco de Chile has a fifty-two week low of $20.93 and a fifty-two week high of $25.97.

Banco de Chile (NYSE:BCH) last issued its earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $980.10 million for the quarter, compared to analyst estimates of $796.96 million. On average, equities analysts anticipate 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.