Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Down 61.2% in December

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 88,200 shares, a decrease of 61.2% from the December 15th total of 227,500 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 125,900 shares, the days-to-cover ratio is presently 0.7 days.

Banco Latinoamericano de Comercio Exterior, S. A. Price Performance

Shares of NYSE:BLX traded up $0.51 during midday trading on Tuesday, hitting $37.11. The company's stock had a trading volume of 100,370 shares, compared to its average volume of 160,934. The company has a market cap of $1.36 billion, a P/E ratio of 6.78 and a beta of 1.16. Banco Latinoamericano de Comercio Exterior, S. A. has a 12-month low of $22.93 and a 12-month high of $37.45. The business's 50 day simple moving average is $35.06 and its 200 day simple moving average is $32.80. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77.

Banco Latinoamericano de Comercio Exterior, S. A. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 5.39%. Banco Latinoamericano de Comercio Exterior, S. A.'s payout ratio is 36.56%.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

Several hedge funds have recently made changes to their positions in BLX. Meeder Asset Management Inc. lifted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank's stock worth $29,000 after acquiring an additional 424 shares in the last quarter. Rhumbline Advisers increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank's stock valued at $1,397,000 after buying an additional 411 shares during the last quarter. Sagil Capital LLP increased its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the 2nd quarter. Sagil Capital LLP now owns 189,118 shares of the bank's stock valued at $5,611,000 after acquiring an additional 79,701 shares during the last quarter. Finally, Beddow Capital Management Inc. boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the second quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank's stock valued at $11,386,000 after purchasing an additional 3,771 shares in the last quarter. Hedge funds and other institutional investors own 19.47% of the company's stock.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.