Grupo Supervielle S.A. (NYSE:SUPV) Sees Large Drop in Short Interest

Grupo Supervielle S.A. (NYSE:SUPV) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,040,000 shares, a drop of 29.3% from the November 15th total of 1,470,000 shares. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mak Capital One LLC raised its holdings in Grupo Supervielle by 37.6% during the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock worth $13,930,000 after buying an additional 561,720 shares during the last quarter. Ping Capital Management Inc. bought a new stake in Grupo Supervielle during the 2nd quarter worth approximately $2,178,000. Acadian Asset Management LLC raised its position in Grupo Supervielle by 563.5% in the 2nd quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after buying an additional 171,173 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Grupo Supervielle in the third quarter valued at about $995,000. Finally, Jane Street Group LLC purchased a new stake in Grupo Supervielle in the 3rd quarter valued at about $749,000.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research report on Thursday.

Grupo Supervielle Trading Up 0.2 %

NYSE:SUPV traded up $0.03 during trading hours on Friday, reaching $13.21. The company had a trading volume of 792,363 shares, compared to its average volume of 1,237,632. Grupo Supervielle has a twelve month low of $3.33 and a twelve month high of $13.50. The business’s 50-day simple moving average is $9.95 and its two-hundred day simple moving average is $7.95.

Grupo Supervielle Company Profile

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.