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

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the target of a large 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Banco Santander (Brasil) by 11.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock valued at $149,000 after acquiring an additional 3,098 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Banco Santander (Brasil) by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after purchasing an additional 4,387 shares in the last quarter. BNP Paribas Financial Markets increased its position in Banco Santander (Brasil) by 220.0% during the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock worth $41,000 after purchasing an additional 4,878 shares in the last quarter. GAMMA Investing LLC increased its position in Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after purchasing an additional 6,313 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after purchasing an additional 7,608 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander (Brasil) Stock Down 0.7 %

NYSE:BSBR traded down $0.03 on Thursday, reaching $4.47. The stock had a trading volume of 248,278 shares, compared to its average volume of 453,136. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The firm’s fifty day moving average is $5.15 and its two-hundred day moving average is $5.25. Banco Santander has a 12-month low of $4.45 and a 12-month high of $6.66.

Banco Santander (Brasil) Cuts Dividend

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

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.