Banco Santander (Brasil) S.A. (NYSE:BSBR) Sees Significant Increase in Short Interest

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,170,000 shares, a growth of 212.1% from the October 15th total of 374,900 shares. Based on an average daily volume of 278,900 shares, the short-interest ratio is presently 4.2 days.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in shares of Banco Santander (Brasil) by 220.0% in the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank's stock valued at $41,000 after buying an additional 4,878 shares during the period. GAMMA Investing LLC grew its holdings in shares of Banco Santander (Brasil) by 183.6% during the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank's stock valued at $51,000 after purchasing an additional 6,313 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Banco Santander (Brasil) by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank's stock worth $71,000 after purchasing an additional 4,387 shares during the period. Banco BTG Pactual S.A. bought a new stake in shares of Banco Santander (Brasil) in the 1st quarter worth approximately $79,000. Finally, Walleye Capital LLC acquired a new position in Banco Santander (Brasil) during the 3rd quarter valued at approximately $85,000. Institutional investors and hedge funds own 14.53% of the company's stock.

Banco Santander (Brasil) Price Performance

Banco Santander (Brasil) stock traded down $0.03 during midday trading on Thursday, hitting $4.47. The stock had a trading volume of 248,278 shares, compared to its average volume of 453,136. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $5.15 and a 200 day moving average price of $5.25. Banco Santander has a 12 month low of $4.45 and a 12 month high of $6.66.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, October 21st will be paid a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend is Monday, October 21st.

Banco Santander (Brasil) Company Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.