Macquarie Group Limited (OTCMKTS:MQBKY) Short Interest Update

Macquarie Group Limited (OTCMKTS:MQBKY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares, a decline of 97.3% from the November 30th total of 3,700 shares. Based on an average daily trading volume, of 19,100 shares, the days-to-cover ratio is currently 0.0 days.

Macquarie Group Trading Down 0.2 %

MQBKY stock traded down $0.27 during midday trading on Friday, reaching $139.10. 10,786 shares of the company’s stock traded hands, compared to its average volume of 8,267. The company has a 50-day simple moving average of $148.51 and a two-hundred day simple moving average of $144.93. Macquarie Group has a 1-year low of $118.12 and a 1-year high of $165.98.

Macquarie Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, November 12th will be given a dividend of $1.7113 per share. The ex-dividend date of this dividend is Tuesday, November 12th. Macquarie Group’s dividend payout ratio (DPR) is 77.74%.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Macquarie Group from a “hold” rating to a “strong sell” rating in a report on Sunday, October 13th.

About Macquarie Group

Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital.