Banco Santander, S.A. (OTCMKTS:BCDRF) Sees Large Decline in Short Interest

Banco Santander, S.A. (OTCMKTS:BCDRF) was the target of a large decline in short interest in August. As of August 15th, there was short interest totalling 321,800 shares, a decline of 79.2% from the July 31st total of 1,546,100 shares. Based on an average trading volume of 28,400 shares, the days-to-cover ratio is currently 11.3 days.

Banco Santander Price Performance

Shares of OTCMKTS:BCDRF opened at $5.10 on Wednesday. The business’s 50 day simple moving average is $4.79 and its 200-day simple moving average is $4.74. Banco Santander has a 12 month low of $3.40 and a 12 month high of $5.45.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.