Banco de Chile (NYSE:BCH) Short Interest Up 59.6% in November

Banco de Chile (NYSE:BCH) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 454,600 shares, a growth of 59.6% from the October 31st total of 284,800 shares. Based on an average trading volume of 177,100 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Investors Weigh In On Banco de Chile

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. bought a new stake in shares of Banco de Chile during the second quarter valued at approximately $60,462,000. Itau Unibanco Holding S.A. acquired a new position in Banco de Chile during the 3rd quarter worth $2,411,000. State Street Corp boosted its position in Banco de Chile by 293.4% in the 3rd quarter. State Street Corp now owns 128,448 shares of the bank’s stock valued at $3,251,000 after buying an additional 95,797 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Banco de Chile by 61.5% in the 2nd quarter. AQR Capital Management LLC now owns 243,009 shares of the bank’s stock valued at $5,499,000 after buying an additional 92,532 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Banco de Chile by 24.3% during the second quarter. Marshall Wace LLP now owns 214,398 shares of the bank’s stock worth $4,852,000 after acquiring an additional 41,894 shares during the last quarter. Institutional investors and hedge funds own 1.24% of the company’s stock.

Banco de Chile Price Performance

NYSE BCH opened at $22.85 on Friday. The stock’s 50 day simple moving average is $23.99 and its 200 day simple moving average is $23.98. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.52 and a current ratio of 1.52. Banco de Chile has a one year low of $20.93 and a one year high of $25.97.

Banco de Chile (NYSE:BCH) last announced its earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03). Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. The business had revenue of $980.10 million during the quarter, compared to analyst estimates of $796.96 million. Sell-side analysts anticipate that Banco de Chile will post 2.51 EPS for the current fiscal year.

Banco de Chile Company Profile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.