Banco Macro S.A. (NYSE:BMA) Short Interest Up 36.7% in February

Banco Macro S.A. (NYSE:BMA - Get Free Report) saw a significant increase in short interest during the month of 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. Based on an average trading volume of 351,600 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the company's shares are sold short.

Institutional Investors Weigh In On Banco Macro

A number of institutional investors have recently modified their holdings of BMA. Sigma Planning Corp grew its stake in shares of Banco Macro by 6.7% in the third quarter. Sigma Planning Corp now owns 6,275 shares of the bank's stock valued at $398,000 after buying an additional 395 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Banco Macro by 351.0% in the third quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank's stock valued at $3,259,000 after purchasing an additional 39,947 shares during the period. Freedom Investment Management Inc. purchased a new position in Banco Macro in the third quarter valued at $573,000. Verition Fund Management LLC purchased a new position in Banco Macro in the third quarter valued at $800,000. Finally, Point72 Asset Management L.P. purchased a new position in Banco Macro in the third quarter valued at $826,000.

Analyst Upgrades and Downgrades

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 research note on Monday, December 16th.

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Banco Macro Trading Down 3.3 %

Shares of NYSE BMA traded down $2.75 during trading on Thursday, reaching $80.20. The stock had a trading volume of 187,788 shares, compared to its average volume of 337,682. Banco Macro has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The business's 50-day moving average price is $94.15 and its 200-day moving average price is $85.20. The company has a market cap of $5.12 billion, a P/E ratio of 7.01 and a beta of 1.73.

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.