International Bancshares Co. (NASDAQ:IBOC) Short Interest Update

International Bancshares Co. (NASDAQ:IBOC - Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 628,800 shares, a decline of 11.3% from the November 15th total of 708,600 shares. Currently, 1.1% of the company's shares are short sold. Based on an average daily volume of 206,900 shares, the days-to-cover ratio is currently 3.0 days.

International Bancshares Price Performance

Shares of NASDAQ IBOC traded down $1.35 during midday trading on Tuesday, reaching $67.80. The stock had a trading volume of 347,899 shares, compared to its average volume of 222,329. The stock has a 50-day moving average of $67.72 and a 200-day moving average of $62.58. International Bancshares has a 12-month low of $48.85 and a 12-month high of $76.91. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 10.66 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72.

Insider Buying and Selling at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the sale, the chief executive officer now directly owns 965,185 shares in the company, valued at approximately $69,667,053.30. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.93% of the company's stock.

Hedge Funds Weigh In On International Bancshares

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in International Bancshares by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,352,406 shares of the bank's stock valued at $80,874,000 after buying an additional 9,986 shares in the last quarter. Barclays PLC grew its holdings in shares of International Bancshares by 86.6% during the third quarter. Barclays PLC now owns 111,823 shares of the bank's stock worth $6,686,000 after buying an additional 51,887 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in International Bancshares during the 3rd quarter worth $583,000. Dorsey Wright & Associates purchased a new position in International Bancshares in the 3rd quarter valued at about $257,000. Finally, Jane Street Group LLC lifted its position in shares of International Bancshares by 10.6% during the third quarter. Jane Street Group LLC now owns 71,055 shares of the bank's stock worth $4,248,000 after purchasing an additional 6,805 shares during the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.

About International Bancshares

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.