Short Interest in Banco Santander, Grows By 44.6% (SAN)
Banco Santander, (NYSE:SAN) was the recipient of a significant increase in short interest during the month of June. As of June 13th, there was short interest totalling 26,031,556 shares, an increase of 44.6% from the May 30th total of 18,003,244 shares, Analyst Ratings Network reports. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 9,184,730 shares, the days-to-cover ratio is currently 2.8 days.
Separately, analysts at RBC Capital upgraded shares of Banco Santander, from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, June 18th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold”.
Banco Santander, (NYSE:SAN) opened at 10.64 on Friday. Banco Santander, has a 52 week low of $6.36 and a 52 week high of $10.75. The stock’s 50-day moving average is $10.36 and its 200-day moving average is $9.52. The company has a market cap of $122.7 billion and a price-to-earnings ratio of 19.23.
Banco Santander, SA (NYSE:SAN)is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products.
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