Short Interest in Banco Santander-Chile (NYSE:BSAC) Declines By 28.7%

Banco Santander-Chile (NYSE:BSAC – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 553,400 shares, a drop of 28.7% from the August 31st total of 776,300 shares. Based on an average daily volume of 267,100 shares, the [...]

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Banco Santander-Chile ( NYSE:BSAC – Get Free Report ) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 553,400 shares, a drop of 28.7% from the August 31st total of 776,300 shares.

Based on an average daily volume of 267,100 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.



1% of the shares of the company are sold short. Banco Santander-Chile Trading Down 1.0 % Shares of NYSE:BSAC traded down $0.

21 during mid-day trading on Friday, reaching $21.04. 247,482 shares of the company were exchanged, compared to its average volume of 282,570.

Banco Santander-Chile has a 1 year low of $16.89 and a 1 year high of $21.43.

The company has a debt-to-equity ratio of 3.60, a current ratio of 1.83 and a quick ratio of 1.

86. The firm’s 50-day simple moving average is $20.17 and its 200 day simple moving average is $19.

58. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 17.

98, a P/E/G ratio of 0.42 and a beta of 0.86.

Banco Santander-Chile ( NYSE:BSAC – Get Free Report ) last announced its earnings results on Wednesday, July 31st. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.

50 by ($0.01). The firm had revenue of $599.

94 million for the quarter, compared to analysts’ expectations of $693.44 million. Banco Santander-Chile had a net margin of 11.

84% and a return on equity of 11.87%. Equities research analysts forecast that Banco Santander-Chile will post 1.

82 EPS for the current year. Analysts Set New Price Targets Check Out Our Latest Stock Analysis on BSAC Institutional Inflows and Outflows Several institutional investors and hedge funds have recently bought and sold shares of BSAC. Allspring Global Investments Holdings LLC raised its holdings in shares of Banco Santander-Chile by 0.

8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock valued at $53,228,000 after purchasing an additional 23,000 shares in the last quarter. RWC Asset Management LLP lifted its holdings in Banco Santander-Chile by 60.

5% during the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after buying an additional 300,257 shares during the last quarter. AGF Management Ltd.

lifted its holdings in Banco Santander-Chile by 6.5% during the 2nd quarter. AGF Management Ltd.

now owns 402,781 shares of the bank’s stock worth $7,584,000 after buying an additional 24,697 shares during the last quarter. Sei Investments Co. boosted its position in shares of Banco Santander-Chile by 0.

5% during the 2nd quarter. Sei Investments Co. now owns 328,744 shares of the bank’s stock worth $6,190,000 after acquiring an additional 1,553 shares in the last quarter.

Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Banco Santander-Chile by 7.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 268,013 shares of the bank’s stock valued at $5,315,000 after acquiring an additional 18,789 shares during the last quarter.

6.42% of the stock is owned by institutional investors and hedge funds. About Banco Santander-Chile ( Get Free Report ) Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile.

It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services. Recommended Stories Receive News & Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related companies with MarketBeat.

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