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

Grupo Supervielle S.A. (NYSE:SUPV) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 806,300 shares, a decline of 32.8% from the February 13th total of 1,200,000 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Grupo Supervielle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of Grupo Supervielle in the fourth quarter worth about $63,000. GAMMA Investing LLC lifted its stake in 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 in the last quarter. Stratos Wealth Advisors LLC purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at approximately $151,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Grupo Supervielle in the fourth quarter valued at approximately $235,000. Finally, XTX Topco Ltd acquired a new stake in shares of Grupo Supervielle in the fourth quarter valued at approximately $258,000.

Grupo Supervielle Price Performance

Shares of NYSE SUPV traded up $1.06 during midday trading on Friday, hitting $14.18. The stock had a trading volume of 969,643 shares, compared to its average volume of 1,256,302. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $15.53 and a 200-day simple moving average of $12.04. The company has a market capitalization of $1.25 billion, a PE ratio of 19.69 and a beta of 2.02. Grupo Supervielle has a 1 year low of $5.00 and a 1 year high of $19.75.

Analysts Set New Price Targets

SUPV has been the topic of a number of recent analyst reports. StockNews.com downgraded Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a research note on Thursday, December 12th. Finally, Morgan Stanley upgraded shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research report on Monday, December 16th.

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.