Short interest in International Bancshares Co. (NASDAQ: IBOC) increases 100.8%


International Bancshares Co. (NASDAQ: IBOC) was the target of strong short-term interest growth in November. As of November 30, there was short interest totaling 1,200,000 shares, an increase of 100.8% from the total of 597,600 shares as of November 15. Based on an average trading volume of 206,100 shares, the day-to-coverage ratio is currently 5.8 days. About 2.3% of the company’s shares are sold short.

IBOC NASDAQ traded down $ 0.17 during the midday session Wednesday, reaching $ 42.04. 3,230 shares of the company were traded for an average volume of 207,928. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt ratio of 0.25. The stock has a market cap of $ 2.66 billion, a P / E ratio of 10.91 and a beta of 1.19. The company has a 50-day simple moving average of $ 43.22. International Bancshares has a 52-week low of $ 34.77 and a 52-week high of $ 53.06.

International Bancshares (NASDAQ: IBOC) last reported its results on Thursday, November 4. The bank reported earnings per share (EPS) of $ 0.86 for the quarter. International Bancshares recorded a return on equity of 10.98% and a net margin of 39.82%.

A number of hedge funds and other institutional investors have recently changed their positions in the company. Citadel Advisors LLC strengthened its position in International Bancshares equities by 1,229.4% in the 2nd quarter. Citadel Advisors LLC now owns 476,041 shares of the bank valued at $ 20,441,000 after purchasing an additional 440,233 shares in the last quarter. Wellington Management Group LLP strengthened its position in International Bancshares equities by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,759,123 shares of the bank valued at $ 114,889,000 after purchasing an additional 264,064 shares in the last quarter. Arrowstreet Capital Limited Partnership strengthened its position in International Bancshares shares by 98.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 424,616 shares of the bank valued at $ 17,681,000 after purchasing an additional 210,256 shares in the last quarter. State Street Corp strengthened its position in International Bancshares shares by 7.9% in the second quarter. State Street Corp now owns 2,103,890 shares of the bank valued at $ 90,341,000 after purchasing an additional 154,803 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired in the second quarter a new equity participation in International Bancshares for a value of $ 5,582,000. 62.58% of the shares are currently held by institutional investors and hedge funds.

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Bancshares International Company Profile

International Bancshares Corp. is a financial holding company that provides banking services to commercial, consumer and international clients in South, Central and Southeast Texas and the State of Oklahoma. It conducts banking activities, including accepting checks and savings deposits, and providing business, real estate, personal, home improvement, auto, and other installment and term loans.

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