Bankinter, S.A. (OTCMKTS:BKNIY) Short Interest Down 97.2% in March

Bankinter, S.A. (OTCMKTS:BKNIY) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 4,900 shares, a decline of 97.2% from the March 15th total of 176,900 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 22,100 shares, the days-to-cover ratio is currently 0.2 days.

Bankinter Stock Performance

OTCMKTS BKNIY traded up $0.16 on Tuesday, reaching $11.18. 290,119 shares of the stock were exchanged, compared to its average volume of 80,526. The company’s 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $8.99. Bankinter has a one year low of $7.40 and a one year high of $11.91. The firm has a market capitalization of $10.05 billion, a PE ratio of 9.98 and a beta of 0.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.52.

Bankinter (OTCMKTS:BKNIY) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Bankinter had a net margin of 18.98% and a return on equity of 16.74%. Analysts expect that Bankinter will post 1 EPS for the current fiscal year.

Bankinter Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 14th. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.1084 per share. The ex-dividend date was Wednesday, April 2nd. Bankinter’s payout ratio is 29.46%.

Analyst Ratings Changes

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

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.