Bankinter SA (OTCMKTS:BKNIY) Sees Significant Growth in Short Interest

Bankinter SA (OTCMKTS:BKNIY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 51,500 shares, a growth of 157.5% from the September 30th total of 20,000 shares. Based on an average trading volume of 45,400 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 45,400 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BKNIY. Deutsche Bank Aktiengesellschaft cut shares of Bankinter from a “buy” rating to a “hold” rating in a research report on Friday, August 8th. Barclays raised shares of Bankinter from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 21st. Zacks Research lowered shares of Bankinter from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, The Goldman Sachs Group began coverage on shares of Bankinter in a research note on Wednesday, September 24th. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Bankinter Trading Down 0.9%

OTCMKTS:BKNIY opened at $15.13 on Friday. Bankinter has a one year low of $7.41 and a one year high of $16.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50-day simple moving average is $15.33 and its 200 day simple moving average is $13.95.

Bankinter (OTCMKTS:BKNIY) last posted its quarterly earnings data on Thursday, October 23rd. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Bankinter had a net margin of 21.53% and a return on equity of 17.36%. The business had revenue of $879.05 million for the quarter, compared to analyst estimates of $887.38 million. As a group, equities analysts anticipate that Bankinter will post 1 earnings per share for the current fiscal year.

About Bankinter

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.