Short Interest in Bankinter, S.A. (OTCMKTS:BKNIY) Drops By 24.2%

Bankinter, S.A. (OTCMKTS:BKNIY) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 4,700 shares, a decline of 24.2% from the November 15th total of 6,200 shares. Based on an average daily trading volume, of 49,400 shares, the days-to-cover ratio is presently 0.1 days.

Bankinter Stock Performance

OTCMKTS:BKNIY opened at $7.89 on Friday. The business has a 50 day moving average of $8.14 and a 200 day moving average of $8.43. Bankinter has a 1-year low of $5.81 and a 1-year high of $9.25.

Bankinter Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were given a $0.2514 dividend. The ex-dividend date was Tuesday, December 3rd. This is an increase from Bankinter’s previous dividend of $0.10.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods downgraded Bankinter from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 22nd.

About Bankinter

Bankinter, SA provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers payroll, pension, business, salary, non-salary, youth salary, current, currency, professional, basic, and management accounts; deposit products; and mortgages and loan products, as well as financing services.