Short Interest in Banco Santander (Brasil) S.A. (NYSE:BSBR) Rises By 212.1%

Banco Santander (Brasil) S.A. (NYSE:BSBR) saw 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 trading volume, of 278,900 shares, the short-interest ratio is presently 4.2 days.

Banco Santander (Brasil) Stock Performance

Shares of BSBR stock traded down $0.03 during trading on Thursday, reaching $4.47. The company’s stock had a trading volume of 248,278 shares, compared to its average volume of 453,136. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. Banco Santander has a 1-year low of $4.45 and a 1-year high of $6.66. The stock’s 50-day moving average price is $5.15 and its 200 day moving average price is $5.25.

Banco Santander (Brasil) Cuts Dividend

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

Institutional Investors Weigh In On Banco Santander (Brasil)

Large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in Banco Santander (Brasil) in the 2nd quarter worth about $575,000. BNP Paribas Financial Markets grew its position in shares of Banco Santander (Brasil) by 220.0% during the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after purchasing an additional 4,878 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Banco Santander (Brasil) by 107.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock worth $1,990,000 after purchasing an additional 196,141 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Banco Santander (Brasil) by 8.5% during the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock valued at $2,023,000 after buying an additional 32,238 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Banco Santander (Brasil) by 41.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after purchasing an additional 4,387 shares during the last quarter. Institutional investors own 14.53% of the company’s stock.

About Banco Santander (Brasil)

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.