Short Interest in Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Rises By 300.0%

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 400 shares, a growth of 300.0% from the February 28th total of 100 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is presently 0.1 days.

Banco de Sabadell Price Performance

Shares of Banco de Sabadell stock traded up $0.15 during trading on Thursday, hitting $6.02. 305 shares of the stock were exchanged, compared to its average volume of 4,091. The firm’s 50-day moving average price is $4.89 and its 200 day moving average price is $4.24. Banco de Sabadell has a 12-month low of $3.00 and a 12-month high of $6.05.

Banco de Sabadell Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.2621 per share. The ex-dividend date of this dividend is Thursday, March 27th. This is an increase from Banco de Sabadell’s previous dividend of $0.11. Banco de Sabadell’s payout ratio is currently 8.42%.

Banco de Sabadell Company Profile

Banco de Sabadell, SA provides banking products and services to personal, business, and private customers in Spain and internationally. The company offers retail banking products, such as current and savings accounts, personal loans, cards, and mortgages. It also provides financial products and services to large and medium enterprises, SMEs, shops and self-employed workers, private individuals, and professionals; and consumer finance, asset management, and bancassurance services.