Bankinter, S.A. (OTCMKTS:BKNIY) Sees Large Increase in Short Interest

Bankinter, S.A. (OTCMKTS:BKNIY) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,200 shares, an increase of 113.8% from the October 31st total of 2,900 shares. Based on an average trading volume of 20,900 shares, the days-to-cover ratio is currently 0.3 days.

Bankinter Stock Performance

Shares of BKNIY stock traded up $0.04 on Thursday, reaching $7.85. The company had a trading volume of 18,739 shares, compared to its average volume of 40,941. The company has a 50-day moving average of $8.31 and a 200-day moving average of $8.47. Bankinter has a 12 month low of $5.81 and a 12 month high of $9.25.

Bankinter Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be issued a $0.2514 dividend. This is a positive change from Bankinter’s previous dividend of $0.10. The ex-dividend date is Tuesday, December 3rd.

Analyst Ratings Changes

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

Bankinter Company Profile

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.