Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Short Interest Down 70.0% in October

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 300 shares, a decrease of 70.0% from the October 15th total of 1,000 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 1.5 days.

Banco de Sabadell Stock Performance

OTCMKTS BNDSY remained flat at $3.78 during mid-day trading on Tuesday. 31 shares of the company traded hands, compared to its average volume of 4,153. Banco de Sabadell has a 52-week low of $2.18 and a 52-week high of $4.60. The company has a 50-day moving average price of $3.99 and a two-hundred day moving average price of $3.97.

Banco de Sabadell Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a dividend of $0.1084 per share. This is an increase from Banco de Sabadell’s previous dividend of $0.05. The ex-dividend date of this dividend was Monday, September 30th. Banco de Sabadell’s payout ratio is 8.42%.

Banco de Sabadell Company Profile

Banco de Sabadell, SA provides banking products and services to personal, business, and private customers in Spain and internationally. The company offers retail banking products, such as current and savings accounts, personal loans, cards, and mortgages. It also provides financial products and services to large and medium enterprises, SMEs, shops and self-employed workers, private individuals, and professionals; and consumer finance, asset management, and bancassurance services.