Short Interest in Banco Santander-Chile (NYSE:BSAC) Increases By 94.4%

Banco Santander-Chile (NYSE:BSAC) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 609,900 shares, a growth of 94.4% from the November 15th total of 313,700 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 286,900 shares, the days-to-cover ratio is presently 2.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and raised their price objective for the company from $18.00 to $21.00 in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BSAC. Natixis Advisors LLC acquired a new position in Banco Santander-Chile in the 3rd quarter valued at approximately $212,000. Ballentine Partners LLC acquired a new position in shares of Banco Santander-Chile in the second quarter valued at $195,000. Blue Trust Inc. lifted its position in Banco Santander-Chile by 32.3% in the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock worth $258,000 after purchasing an additional 3,179 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in Banco Santander-Chile during the second quarter worth $248,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Banco Santander-Chile by 30.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock valued at $366,000 after buying an additional 4,515 shares during the period. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Stock Performance

Shares of NYSE:BSAC traded down $0.23 during midday trading on Friday, hitting $19.45. The company’s stock had a trading volume of 122,443 shares, compared to its average volume of 283,179. Banco Santander-Chile has a fifty-two week low of $17.73 and a fifty-two week high of $21.43. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.41 and a beta of 0.87. The stock’s 50 day simple moving average is $19.65 and its 200 day simple moving average is $19.73.

Banco Santander-Chile Company Profile

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.