Banco Santander-Chile (NYSE:BSAC) Short Interest Up 94.4% in November

Banco Santander-Chile (NYSE:BSAC) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 609,900 shares, an increase of 94.4% from the November 15th total of 313,700 shares. Based on an average daily volume of 286,900 shares, the short-interest ratio is presently 2.1 days. Currently, 0.1% of the company’s shares are sold short.

Banco Santander-Chile Stock Up 1.4 %

Shares of BSAC traded up $0.27 during mid-day trading on Thursday, hitting $19.69. 220,062 shares of the company traded hands, compared to its average volume of 283,849. The company has a market capitalization of $9.28 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.40 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The business has a 50 day moving average of $19.65 and a 200 day moving average of $19.74. Banco Santander-Chile has a 1-year low of $17.73 and a 1-year high of $21.43.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSAC. Ballentine Partners LLC acquired a new position in Banco Santander-Chile during the second quarter valued at $195,000. Natixis Advisors LLC acquired a new position in shares of Banco Santander-Chile in the 3rd quarter valued at about $212,000. Frank Rimerman Advisors LLC acquired a new position in shares of Banco Santander-Chile in the 2nd quarter valued at about $248,000. Blue Trust Inc. grew its holdings in Banco Santander-Chile by 32.3% during the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock worth $258,000 after acquiring an additional 3,179 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in Banco Santander-Chile by 30.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock valued at $366,000 after acquiring an additional 4,515 shares in the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and increased their price target for the stock from $18.00 to $21.00 in a report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.50.

About Banco Santander-Chile

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.