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

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

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

A hedge fund recently bought a new stake in Banco Latinoamericano de Comercio Exterior, S. A. stock. Longboard Asset Management LP purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,665 shares of the bank’s stock, valued at approximately $202,000. 19.47% of the stock is owned by hedge funds and other institutional investors.

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

BLX traded up $0.33 during trading hours on Wednesday, hitting $38.00. The company’s stock had a trading volume of 75,947 shares, compared to its average volume of 139,180. Banco Latinoamericano de Comercio Exterior, S. A. has a 12 month low of $22.93 and a 12 month high of $39.40. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73. The business’s 50-day moving average price is $35.86 and its 200-day moving average price is $33.33. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 6.95 and a beta of 1.16.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last announced its earnings results on Tuesday, October 29th. The bank reported $1.44 earnings per share (EPS) for the quarter. The firm had revenue of $209.64 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. During the same quarter in the prior year, the company posted $1.25 earnings per share. Sell-side analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

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.