Banco BBVA Argentina S.A. (NYSE:BBAR) Sees Large Decrease in Short Interest

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 960,700 shares, a decrease of 17.9% from the February 28th total of 1,170,000 shares. Based on an average daily trading volume, of 827,800 shares, the short-interest ratio is currently 1.2 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Banco BBVA Argentina

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP boosted its position in Banco BBVA Argentina by 694.6% in the third quarter. Quantbot Technologies LP now owns 27,612 shares of the bank’s stock valued at $286,000 after buying an additional 24,137 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Banco BBVA Argentina in the 3rd quarter valued at $293,000. PointState Capital LP raised its stake in Banco BBVA Argentina by 14.2% during the 3rd quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after buying an additional 206,399 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Banco BBVA Argentina by 72.8% during the third quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock worth $448,000 after acquiring an additional 18,200 shares during the period. Finally, XTX Topco Ltd bought a new stake in Banco BBVA Argentina in the 3rd quarter valued at $136,000.

Banco BBVA Argentina Stock Performance

Shares of NYSE:BBAR traded down $0.77 on Thursday, hitting $17.75. 315,433 shares of the company were exchanged, compared to its average volume of 821,451. The company’s 50 day moving average price is $19.65 and its two-hundred day moving average price is $17.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. Banco BBVA Argentina has a one year low of $7.05 and a one year high of $25.01. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 9.24 and a beta of 1.41.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BBAR. Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a research note on Monday, December 16th. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.