Short Interest in Bankinter SA (OTCMKTS:BKNIY) Decreases By 91.0%

Bankinter SA (OTCMKTS:BKNIY – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 19,848 shares, a decline of 91.0% from the August 15th total of 221,614 shares. Based on an average trading volume of 31,783 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Bankinter in a research report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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Bankinter Stock Performance

OTCMKTS BKNIY traded down $0.17 during trading hours on Thursday, hitting $19.31. The company had a trading volume of 9,158 shares, compared to its average volume of 61,533. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 13.23 and a beta of -0.18. Bankinter has a 52 week low of $14.65 and a 52 week high of $20.07. The firm has a 50 day simple moving average of $18.64 and a 200 day simple moving average of $17.17.

Bankinter (OTCMKTS:BKNIY – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Bankinter had a return on equity of 18.20% and a net margin of 24.27%.The firm had revenue of $936.89 million for the quarter, compared to analysts’ expectations of $909.46 million. On average, research analysts forecast that Bankinter will post 1.49 earnings per share for the current year.

Bankinter Company Profile

(Get Free Report)

Bankinter, SA is a Spanish financial services group headquartered in Madrid. The company provides banking and investment services to individuals, businesses and institutional clients, with operations centered primarily in Spain and Portugal and additional activities in selected European markets, including Luxembourg and Ireland.

Its principal business lines include retail banking, corporate and commercial banking, private banking, consumer finance, mortgages, deposits, payment services and lending.

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