Banco Santander, S.A. (NYSE:SAN) Short Interest Down 33.9% in December

Banco Santander, S.A. (NYSE:SAN) was the target of a significant drop in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,940,000 shares, the short-interest ratio is presently 2.1 days.

Analyst Ratings Changes

A number of research firms recently issued reports on SAN. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Banco Santander Stock Performance

Shares of NYSE SAN traded up $0.05 during trading hours on Monday, reaching $4.54. 3,411,965 shares of the stock 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 stock’s fifty day simple moving average is $4.75 and its 200 day simple moving average is $4.80. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. Banco Santander has a 52 week low of $3.83 and a 52 week high of $5.27.

Institutional Investors Weigh In On Banco Santander

A number of hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its position in shares of Banco Santander by 22.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock valued at $59,000 after buying an additional 2,303 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in Banco Santander by 1.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock valued at $775,000 after acquiring an additional 2,392 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Banco Santander by 4.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank’s stock valued at $269,000 after acquiring an additional 2,433 shares during the period. Aprio Wealth Management LLC grew its holdings in shares of Banco Santander by 12.4% during the 3rd quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank’s stock worth $128,000 after purchasing an additional 2,782 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in Banco Santander by 22.4% in the second quarter. HBK Sorce Advisory LLC now owns 15,363 shares of the bank’s stock valued at $71,000 after purchasing an additional 2,813 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

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.