Short Interest in Bankinter, S.A. (OTCMKTS:BKNIY) Grows By 1,210.4%

Bankinter, S.A. (OTCMKTS:BKNIY) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 176,900 shares, an increase of 1,210.4% from the February 28th total of 13,500 shares. Based on an average daily volume of 80,100 shares, the short-interest ratio is presently 2.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BKNIY. Royal Bank of Canada upgraded shares of Bankinter to a “moderate buy” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Bankinter in a research note on Thursday, March 6th.

Bankinter Price Performance

Shares of BKNIY traded up $0.01 during mid-day trading on Thursday, hitting $11.41. 6,481 shares of the stock were exchanged, compared to its average volume of 23,363. The firm has a 50-day moving average of $9.95 and a two-hundred day moving average of $8.82. Bankinter has a 52-week low of $7.20 and a 52-week high of $11.91. The company has a market cap of $10.25 billion, a PE ratio of 10.18 and a beta of 0.73. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.04 and a current ratio of 1.04.

Bankinter (OTCMKTS:BKNIY) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Bankinter had a return on equity of 16.74% and a net margin of 18.98%. On average, equities analysts predict that Bankinter will post 1 earnings per share for the current year.

Bankinter Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 14th. Shareholders of record on Wednesday, April 2nd will be issued a $0.1084 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. Bankinter’s dividend payout ratio (DPR) is 28.57%.

Bankinter Company Profile

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.