Grupo Supervielle S.A. (NYSE:SUPV) Sees Significant Decrease in Short Interest

Grupo Supervielle S.A. (NYSE:SUPV) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,260,000 shares, a drop of 14.3% from the December 15th total of 1,470,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

SUPV has been the topic of several research analyst reports. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price on the stock in a research note on Thursday, December 12th. Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research note on Monday, December 16th.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Grupo Supervielle by 151.4% in the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after purchasing an additional 4,349 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Grupo Supervielle in the third quarter worth about $127,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Grupo Supervielle in the third quarter worth about $145,000. Quantbot Technologies LP boosted its holdings in shares of Grupo Supervielle by 212.9% in the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after buying an additional 19,602 shares during the period. Finally, Benjamin Edwards Inc. acquired a new position in shares of Grupo Supervielle in the third quarter worth about $283,000.

Grupo Supervielle Stock Performance

Shares of SUPV opened at $17.97 on Friday. The firm’s 50 day moving average is $13.92 and its 200-day moving average is $9.59. The stock has a market capitalization of $1.64 billion, a P/E ratio of 24.96 and a beta of 1.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. Grupo Supervielle has a 12-month low of $3.48 and a 12-month high of $19.75.

About Grupo Supervielle

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.