Banco Santander-Chile (NYSE:BSAC) Sees Significant Growth in Short Interest

Banco Santander-Chile (NYSE:BSAC) saw a significant growth in short interest in 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 shares of the company are short sold. Based on an average daily trading volume, of 286,900 shares, the short-interest ratio is currently 2.1 days.

Banco Santander-Chile Price Performance

NYSE:BSAC traded up $0.27 during trading hours on Thursday, reaching $19.69. 220,062 shares of the company were exchanged, compared to its average volume of 283,849. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm has a market cap of $9.28 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.40 and a beta of 0.87. Banco Santander-Chile has a twelve month low of $17.73 and a twelve month high of $21.43. The stock’s 50-day moving average is $19.65 and its 200-day moving average is $19.74.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. SPX Gestao de Recursos Ltda acquired a new stake in shares of Banco Santander-Chile in the third quarter worth approximately $736,000. Franklin Resources Inc. lifted its holdings in Banco Santander-Chile by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank’s stock valued at $63,859,000 after purchasing an additional 33,291 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Banco Santander-Chile during the 3rd quarter worth $1,724,000. Jane Street Group LLC purchased a new stake in shares of Banco Santander-Chile during the third quarter worth $527,000. Finally, State Street Corp raised its position in shares of Banco Santander-Chile by 25.3% in the third quarter. State Street Corp now owns 293,049 shares of the bank’s stock valued at $6,084,000 after buying an additional 59,215 shares during the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Banco Santander-Chile from a “sell” rating to a “neutral” rating and upped their price target for the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.50.

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.