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Bernstein began coverage on shares of Banco Santander, (NYSE:SAN) in a research note issued on Tuesday. The firm set a “market perform” rating on the stock.

Shares of Banco Santander, (NYSE:SAN) traded down 0.25% on Tuesday, hitting $9.895. The stock had a trading volume of 2,828,151 shares. Banco Santander, has a 52-week low of $7.13 and a 52-week high of $10.75. The stock has a 50-day moving average of $9.88 and a 200-day moving average of $9.80. The company has a market cap of $119.8 billion and a price-to-earnings ratio of 17.65. Banco Santander, also was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 37,598,323 shares, an increase of 18.7% from the July 31st total of 31,666,430 shares. Based on an average daily volume of 8,196,562 shares, the days-to-cover ratio is currently 4.6 days. Currently, 0.3% of the shares of the company are short sold.

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. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Banco Santander, presently has a consensus rating of “Hold”.

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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