Banco Santander, S.A. (NYSE:SAN) Short Interest Update

Banco Santander, S.A. (NYSE:SAN) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 6,170,000 shares, a drop of 33.9% from the November 30th total of 9,340,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,940,000 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. Finally, UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Hedge Funds Weigh In On Banco Santander

A number of hedge funds have recently modified their holdings of SAN. Rothschild Investment LLC acquired a new position in shares of Banco Santander during the 2nd quarter worth $33,000. Wilmington Savings Fund Society FSB bought a new position in Banco Santander during the third quarter valued at about $45,000. AE Wealth Management LLC bought a new stake in shares of Banco Santander during the 2nd quarter worth about $50,000. Groupama Asset Managment acquired a new position in shares of Banco Santander during the 3rd quarter valued at about $53,000. Finally, Brookstone Capital Management acquired a new stake in Banco Santander in the 3rd quarter worth approximately $54,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Stock Up 1.1 %

Shares of SAN stock traded up $0.05 during trading on Monday, hitting $4.54. 3,411,965 shares of the company were exchanged, compared to its average volume of 2,776,875. The firm has a market capitalization of $71.85 billion, a price-to-earnings ratio of 5.68, a P/E/G ratio of 0.46 and a beta of 1.12. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. The business’s 50-day simple moving average is $4.75 and its 200 day simple moving average is $4.80. Banco Santander has a twelve month low of $3.83 and a twelve month high of $5.27.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.