Banco Santander-Chile (NYSE:BSAC) Short Interest Up 11.0% in November

Banco Santander-Chile (NYSE:BSAC) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 313,700 shares, an increase of 11.0% from the October 31st total of 282,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 278,300 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and raised their target price for the company from $18.00 to $21.00 in a research note on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.50.

Institutional Investors Weigh In On Banco Santander-Chile

Several large investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its stake in Banco Santander-Chile by 1.1% during the third quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank’s stock worth $63,859,000 after buying an additional 33,291 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Banco Santander-Chile by 0.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock worth $53,228,000 after acquiring an additional 23,000 shares during the last quarter. abrdn plc boosted its holdings in Banco Santander-Chile by 76.4% during the 3rd quarter. abrdn plc now owns 861,295 shares of the bank’s stock valued at $18,036,000 after acquiring an additional 372,936 shares during the period. RWC Asset Management LLP grew its position in Banco Santander-Chile by 60.5% in the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock valued at $14,999,000 after acquiring an additional 300,257 shares during the last quarter. Finally, AGF Management Ltd. increased its stake in Banco Santander-Chile by 6.5% in the second quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock worth $7,584,000 after purchasing an additional 24,697 shares during the period. Institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Stock Performance

NYSE:BSAC opened at $19.22 on Wednesday. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.40 and a beta of 0.87. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $21.43. The stock’s 50 day simple moving average is $19.82 and its two-hundred day simple moving average is $19.76.

Banco Santander-Chile Company Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.