Banco Macro S.A. (NYSE:BMA) Sees Large Increase in Short Interest

Banco Macro S.A. (NYSE:BMA) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 250,400 shares, an increase of 36.7% from the February 13th total of 183,200 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 351,600 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Banco Macro

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TT International Asset Management LTD increased its holdings in Banco Macro by 86.6% during the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock valued at $110,411,000 after purchasing an additional 529,610 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Banco Macro by 136.1% during the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank’s stock valued at $55,188,000 after purchasing an additional 328,800 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Banco Macro by 84.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 539,074 shares of the bank’s stock valued at $52,161,000 after buying an additional 247,070 shares during the period. Duquesne Family Office LLC increased its stake in shares of Banco Macro by 14.5% in the 4th quarter. Duquesne Family Office LLC now owns 485,430 shares of the bank’s stock valued at $46,970,000 after buying an additional 61,300 shares during the period. Finally, PointState Capital LP increased its stake in shares of Banco Macro by 25.1% in the 4th quarter. PointState Capital LP now owns 339,020 shares of the bank’s stock valued at $32,804,000 after buying an additional 68,096 shares during the period.

Analyst Ratings Changes

Separately, Morgan Stanley raised Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 target price for the company in a report on Monday, December 16th.

Banco Macro Price Performance

BMA stock traded down $3.16 during midday trading on Tuesday, reaching $79.94. 89,007 shares of the company’s stock traded hands, compared to its average volume of 347,145. The company has a 50-day simple moving average of $95.51 and a two-hundred day simple moving average of $85.08. Banco Macro has a 1-year low of $42.22 and a 1-year high of $118.42. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 7.01 and a beta of 1.73. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13.

Banco Macro Company Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.