Bankinter SA (OTCMKTS:BKNIY) Stock Short Interest Climbs 112.9%

Key Points

• Short interest in Bankinter surged 112.9%, rising to 36,441 shares as of October 15 from 17,113 shares at the end of September. Despite the increase, short interest represented 0.0% of shares outstanding, with a short-interest ratio of 0.7 days.
• Analyst sentiment remained generally positive: Jefferies upgraded the stock to “strong buy,” while the overall consensus rating was “Moderate Buy.”
• Bankinter shares traded at $15.78, below both their 50-day and 200-day moving averages. Quarterly earnings per share matched estimates at $0.38, while revenue of $890.2 million fell short of the $906.8 million consensus forecast.

Bankinter SA (OTCMKTS:BKNIY - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 36,441 shares, a growth of 112.9% from the September 30th total of 17,113 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 53,066 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analyst Weigh In

BKNIY has been the topic of several recent research reports. Jefferies Financial Group upgraded Bankinter from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 19th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Bankinter in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bankinter has a consensus rating of "Moderate Buy".

Bankinter Stock Performance

Shares of BKNIY stock traded down $0.01 during trading hours on Friday, reaching $15.78. The company had a trading volume of 10,819 shares, compared to its average volume of 56,123. The stock has a fifty day moving average of $18.31 and a 200-day moving average of $17.24. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 10.59 and a beta of -0.16. Bankinter has a 12-month low of $14.74 and a 12-month high of $20.07.

Bankinter (OTCMKTS:BKNIY - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, hitting analysts' consensus estimates of $0.38. The company had revenue of $890.20 million for the quarter, compared to analyst estimates of $906.80 million. Bankinter had a return on equity of 18.89% and a net margin of 24.51%. On average, analysts forecast that Bankinter will post 1.52 EPS for the current year.

About Bankinter

Bankinter, SA is a Spanish financial institution headquartered in Madrid. The company provides banking and financial services to individuals, businesses, corporations and institutional clients, with activities spanning retail banking, corporate and investment banking, private banking, asset management and consumer finance.

Its products and services include current and savings accounts, loans and mortgages, credit cards, payment services, investment products, brokerage and wealth-management solutions.

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