Short Interest in Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Drops By 27.6%

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,100 shares, a decline of 27.6% from the September 30th total of 2,900 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 0.7 days.

Banco de Sabadell Stock Performance

Shares of Banco de Sabadell stock opened at $7.26 on Wednesday. Banco de Sabadell has a twelve month low of $3.65 and a twelve month high of $8.06. The company’s 50 day moving average is $7.45 and its 200 day moving average is $6.90.

Banco de Sabadell Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.0976 per share. This represents a yield of 479.0%. The ex-dividend date was Thursday, August 28th. Banco de Sabadell’s dividend payout ratio is 8.42%.

Banco de Sabadell Company Profile

Banco de Sabadell, SA provides banking products and services to personal, business, and private customers in Spain and internationally. The company offers retail banking products, such as current and savings accounts, personal loans, cards, and mortgages. It also provides financial products and services to large and medium enterprises, SMEs, shops and self-employed workers, private individuals, and professionals; and consumer finance, asset management, and bancassurance services.