Grupo Supervielle S.A. (NYSE:SUPV) Short Interest Update

by · The Cerbat Gem

Grupo Supervielle S.A. (NYSE:SUPV – Get Free Report) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 806,300 shares, a decrease of 32.8% from the February 13th total of 1,200,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.9% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price for the company in a research note on Thursday, December 12th. Finally, StockNews.com downgraded shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research note on Thursday.

Check Out Our Latest Stock Analysis on Grupo Supervielle

Grupo Supervielle Trading Up 8.0 %

SUPV traded up $1.06 during mid-day trading on Friday, hitting $14.18. 969,643 shares of the stock were exchanged, compared to its average volume of 1,256,302. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.25 billion, a PE ratio of 19.69 and a beta of 2.02. The firm’s fifty day moving average is $15.53 and its two-hundred day moving average is $12.04. Grupo Supervielle has a 1-year low of $5.00 and a 1-year high of $19.75.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. PointState Capital LP increased its holdings in Grupo Supervielle by 300.7% in the fourth quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock valued at $28,659,000 after buying an additional 1,423,383 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Grupo Supervielle by 5.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company’s stock worth $22,193,000 after buying an additional 75,129 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Grupo Supervielle by 111.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company’s stock valued at $21,296,000 after purchasing an additional 742,479 shares during the period. Brevan Howard Capital Management LP lifted its stake in shares of Grupo Supervielle by 585.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company’s stock worth $19,724,000 after acquiring an additional 1,106,497 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in Grupo Supervielle by 6.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,227,122 shares of the company’s stock worth $18,542,000 after purchasing an additional 69,197 shares during the period.

Grupo Supervielle Company Profile

(Get Free Report)

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.

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