Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sees Large Drop in Short Interest

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 178,000 shares, a decline of 15.0% from the September 30th total of 209,400 shares. Based on an average trading volume of 114,600 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.7% of the company's stock are short sold.

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

Several institutional investors and hedge funds have recently modified their holdings of BLX. Meeder Asset Management Inc. lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank's stock worth $29,000 after buying an additional 424 shares during the period. Rhumbline Advisers raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during 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. Hillsdale Investment Management Inc. bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the 1st quarter worth $3,002,000. 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 worth $5,611,000 after purchasing an additional 79,701 shares in the last quarter. Finally, Beddow Capital Management Inc. increased its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank's stock worth $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. Stock Performance

NYSE:BLX traded down $0.25 during trading on Tuesday, reaching $32.85. The company's stock had a trading volume of 119,215 shares, compared to its average volume of 125,822. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 6.65 and a beta of 1.17. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a 50 day moving average of $31.93 and a 200-day moving average of $30.77. Banco Latinoamericano de Comercio Exterior, S. A. has a 12 month low of $21.38 and a 12 month high of $34.45.

About Banco Latinoamericano de Comercio Exterior, S. A.

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.