Short Interest in Bankinter, S.A. (OTCMKTS:BKNIY) Decreases By 24.2%

Bankinter, S.A. (OTCMKTS:BKNIY) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 4,700 shares, a drop of 24.2% from the November 15th total of 6,200 shares. Based on an average daily trading volume, of 49,400 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut Bankinter from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 22nd.

Bankinter Trading Up 2.2 %

Shares of Bankinter stock traded up $0.17 during mid-day trading on Friday, reaching $8.06. 21,952 shares of the stock were exchanged, compared to its average volume of 40,154. Bankinter has a fifty-two week low of $5.81 and a fifty-two week high of $9.25. The firm has a 50-day simple moving average of $8.13 and a 200 day simple moving average of $8.43.

Bankinter Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were paid a $0.2514 dividend. The ex-dividend date was Tuesday, December 3rd. This is a boost from Bankinter’s previous dividend of $0.10.

About Bankinter

Bankinter, SA provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers payroll, pension, business, salary, non-salary, youth salary, current, currency, professional, basic, and management accounts; deposit products; and mortgages and loan products, as well as financing services.