Banco Santander, S.A. (OTCMKTS:BCDRF) Sees Significant Growth in Short Interest

Banco Santander, S.A. (OTCMKTS:BCDRF) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 746,600 shares, a growth of 39.7% from the May 15th total of 534,600 shares. Based on an average daily trading volume, of 65,500 shares, the days-to-cover ratio is currently 11.4 days.

Banco Santander Trading Down 7.3 %

Shares of OTCMKTS:BCDRF traded down $0.35 during midday trading on Friday, reaching $4.53. The company had a trading volume of 45,423 shares, compared to its average volume of 65,696. Banco Santander has a 1-year low of $3.10 and a 1-year high of $5.45. The company has a fifty day simple moving average of $5.04 and a two-hundred day simple moving average of $4.45.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.