Banco Santander Mexico Sa Instcn De (BSMX) Sees Significant Drop in Short Interest

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was the recipient of a significant decrease in short interest in the month of September. As of September 28th, there was short interest totalling 995,758 shares, a decrease of 36.3% from the September 14th total of 1,564,168 shares. Based on an average daily trading volume, of 1,408,077 shares, the days-to-cover ratio is currently 0.7 days.

Shares of NYSE:BSMX traded up $0.07 during mid-day trading on Friday, reaching $6.52. 3,205,320 shares of the stock were exchanged, compared to its average volume of 2,546,221. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $4.68 billion, a PE ratio of 9.14, a PEG ratio of 1.77 and a beta of 1.60. Banco Santander Mexico Sa Instcn De has a one year low of $6.14 and a one year high of $8.81.

Separately, Zacks Investment Research lowered Banco Santander Mexico Sa Instcn De from a “strong-buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Banco Santander Mexico Sa Instcn De presently has a consensus rating of “Hold” and a consensus target price of $9.00.

A number of hedge funds have recently bought and sold shares of BSMX. Northern Trust Corp grew its stake in Banco Santander Mexico Sa Instcn De by 241.1% in the first quarter. Northern Trust Corp now owns 1,503,738 shares of the bank’s stock valued at $10,783,000 after purchasing an additional 1,062,936 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Banco Santander Mexico Sa Instcn De by 31.1% during the 1st quarter. JPMorgan Chase & Co. now owns 127,592 shares of the bank’s stock worth $915,000 after acquiring an additional 30,275 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Banco Santander Mexico Sa Instcn De by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,864,920 shares of the bank’s stock worth $20,541,000 after acquiring an additional 55,390 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Banco Santander Mexico Sa Instcn De during the 1st quarter worth approximately $231,000. Finally, A.R.T. Advisors LLC bought a new position in shares of Banco Santander Mexico Sa Instcn De during the 1st quarter worth approximately $808,000. Hedge funds and other institutional investors own 28.04% of the company’s stock.

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Banco Santander Mexico Sa Instcn De Company Profile

Banco Santander (México), SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Global Corporate Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

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