Banco Santander, S.A. (SAN) Sees Large Increase in Short Interest

Banco Santander, S.A. (NYSE:SAN) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,433,331 shares, an increase of 56.9% from the October 13th total of 6,010,510 shares. Based on an average daily volume of 5,379,589 shares, the days-to-cover ratio is presently 1.8 days.

Shares of Banco Santander, (NYSE:SAN) opened at $6.45 on Monday. Banco Santander, has a fifty-two week low of $4.40 and a fifty-two week high of $6.99. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.88. The company has a market cap of $94,056.09, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.28 and a beta of 1.40.

Banco Santander, (NYSE:SAN) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Banco Santander, had a net margin of 14.06% and a return on equity of 6.86%. The firm had revenue of $14.39 billion for the quarter. equities analysts forecast that Banco Santander, will post 0.55 earnings per share for the current year.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Banco Santander, from a “buy” rating to a “hold” rating in a report on Friday, September 29th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Banco Santander, in a report on Tuesday, August 15th. BidaskClub lowered shares of Banco Santander, from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, ValuEngine lowered shares of Banco Santander, from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.63.

A number of large investors have recently modified their holdings of SAN. Arrowstreet Capital Limited Partnership grew its holdings in Banco Santander, by 690.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,573,247 shares of the bank’s stock worth $43,975,000 after acquiring an additional 5,741,913 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Banco Santander, by 4.3% during the 3rd quarter. Fisher Asset Management LLC now owns 81,383,608 shares of the bank’s stock worth $564,802,000 after acquiring an additional 3,326,541 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Banco Santander, during the 3rd quarter worth about $9,992,000. Senvest Management LLC bought a new stake in Banco Santander, during the 2nd quarter worth about $8,363,000. Finally, Todd Asset Management LLC grew its holdings in Banco Santander, by 44.9% during the 2nd quarter. Todd Asset Management LLC now owns 3,574,941 shares of the bank’s stock worth $23,916,000 after acquiring an additional 1,107,295 shares during the last quarter. 1.35% of the stock is currently owned by hedge funds and other institutional investors.

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About Banco Santander,

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

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