Short-term stake in Itaú Corpbanca (NYSE:ITCB) increases by 612.6%

Itau Corpbanca (NYSE: ITCB – Get a rating) was the target of a surge in short-term interest in September. As of September 15, there was short interest totaling 113,300 shares, an increase of 612.6% from the total of 15,900 shares as of August 31. Based on an average trading volume of 17,700 shares, the day-to-cover ratio is currently 6.4 days.

A Wall Street analyst gives his opinion

Separately, alleged coverage of Itaú Corpbanca shares in a Monday, June 6 research note. They have set a “holding” rating on the stock.

Hedge funds weigh on Itaú Corpbanca

Institutional investors have recently changed their stake in the company. Veriti Management LLC increased its position in Itaú Corpbanca shares by 4.0% during the second quarter. Veriti Management LLC now owns 89,592 shares of the bank worth $254,000 after buying 3,479 additional shares in the last quarter. CSS LLC IL bought a new stake in Itaú Corpbanca in the fourth quarter at a value of $217,000. Allianz Asset Management GmbH increased its position in Itaú Corpbanca by 90.0% in the fourth quarter. Allianz Asset Management GmbH now owns 48,523 shares in the bank valued at $141,000 after acquiring an additional 22,983 shares in the last quarter. Finally, Northern Trust Corp acquired a new stake in Itaú Corpbanca in the first quarter worth $40,000. Institutional investors and hedge funds own 0.15% of the company’s shares.

Stock Itaú Corpbanca up 0.4%

Shares of NYSE:ITCB rose $0.01 during Tuesday’s trading, hitting $2.80. The company’s stock had a trading volume of 7,239 shares, compared to an average volume of 24,203. The company has a 50-day moving average price of $3.20 and a two-hundred-day moving average price of 3 $.19. The company has a market capitalization of $956.46 million, a PE ratio of 3.73 and a beta of 0.99. The company has a debt ratio of 3.39, a quick ratio of 1.60 and a current ratio of 1.60. Itaú Corpbanca has a fifty-two week low of $2.50 and a fifty-two week high of $4.05.

Company Profile Itaú Corpbanca

(Get a rating)

Itaú Corpbanca provides wholesale and retail banking services to small and medium enterprises, individuals and institutional clients in Chile and Colombia. The company offers checking and savings accounts, demand and term deposits, certificates of deposit and bank drafts; and Chilean peso and foreign currency loans, trade finance, general commercial and consumer loans, working capital loans, personal installment loans, mortgage loans, lines of credit and letters of credit.

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