Banco Santander-Chile (NYSE:BSAC) Short Interest Up 11.0% in November

Banco Santander-Chile (NYSE:BSACGet Free Report) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 313,700 shares, an increase of 11.0% from the October 31st total of 282,700 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 278,300 shares, the short-interest ratio is currently 1.1 days.

Banco Santander-Chile Stock Performance

Banco Santander-Chile stock traded up $0.11 during mid-day trading on Tuesday, reaching $19.22. 152,825 shares of the company’s stock were exchanged, compared to its average volume of 286,995. The firm has a market capitalization of $9.05 billion, a PE ratio of 10.92, a P/E/G ratio of 0.40 and a beta of 0.87. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.60. The business’s fifty day simple moving average is $19.85 and its 200 day simple moving average is $19.77. Banco Santander-Chile has a one year low of $17.73 and a one year high of $21.43.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BSAC. StockNews.com raised Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. The Goldman Sachs Group upgraded shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and increased their target price for the company from $18.00 to $21.00 in a report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.50.

Read Our Latest Stock Analysis on Banco Santander-Chile

Hedge Funds Weigh In On Banco Santander-Chile

Several institutional investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC purchased a new position in Banco Santander-Chile in the second quarter valued at about $195,000. Natixis Advisors LLC bought a new stake in shares of Banco Santander-Chile in the 3rd quarter worth approximately $212,000. Frank Rimerman Advisors LLC purchased a new position in Banco Santander-Chile in the second quarter valued at approximately $248,000. Blue Trust Inc. grew its holdings in Banco Santander-Chile by 32.3% during the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after purchasing an additional 3,179 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in Banco Santander-Chile by 30.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock worth $366,000 after buying an additional 4,515 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Company Profile

(Get Free Report)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.

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