Banco de Chile (NYSE:BCH) Sees Significant Increase in Short Interest

Banco de Chile (NYSE:BCH) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 454,600 shares, an increase of 59.6% from the October 31st total of 284,800 shares. Based on an average daily volume of 177,100 shares, the short-interest ratio is presently 2.6 days.

Banco de Chile Stock Down 0.2 %

NYSE:BCH traded down $0.05 on Friday, reaching $22.80. The stock had a trading volume of 62,681 shares, compared to its average volume of 220,857. Banco de Chile has a 12-month low of $20.93 and a 12-month high of $25.97. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.52 and a current ratio of 1.52. The company has a 50-day moving average of $23.92 and a 200 day moving average of $23.97.

Banco de Chile (NYSE:BCH) last issued its earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03). The firm had revenue of $980.10 million during the quarter, compared to analyst estimates of $796.96 million. Banco de Chile had a return on equity of 22.69% and a net margin of 30.00%. Equities research analysts expect that Banco de Chile will post 2.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Banco de Chile in the first quarter valued at approximately $336,000. Blue Trust Inc. grew its position in Banco de Chile by 629.3% during the 2nd quarter. Blue Trust Inc. now owns 6,564 shares of the bank’s stock worth $146,000 after acquiring an additional 5,664 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Banco de Chile in the second quarter worth $60,462,000. Liontrust Investment Partners LLP purchased a new stake in shares of Banco de Chile in the second quarter worth approximately $294,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Banco de Chile by 31.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank’s stock valued at $351,000 after buying an additional 3,730 shares during the period. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco de Chile Company Profile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.