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.
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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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