Banco Macro S.A. (NYSE:BMA) Short Interest Update

Banco Macro S.A. (NYSE:BMA - Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 454,700 shares, a growth of 81.6% from the February 28th total of 250,400 shares. Based on an average daily volume of 329,400 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.7% of the company's shares are sold short.

Banco Macro Trading Up 0.1 %

Shares of NYSE BMA traded up $0.07 during mid-day trading on Wednesday, reaching $76.76. The company had a trading volume of 122,033 shares, compared to its average volume of 333,738. Banco Macro has a 52 week low of $42.22 and a 52 week high of $118.42. The business's 50-day moving average is $88.72 and its 200-day moving average is $86.44. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 6.73 and a beta of 1.73. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Banco Macro

A number of large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in Banco Macro by 1,829.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock valued at $58,000 after purchasing an additional 567 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Banco Macro during the fourth quarter valued at $63,000. GAMMA Investing LLC raised its holdings in shares of Banco Macro by 136.1% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock valued at $76,000 after acquiring an additional 452 shares in the last quarter. Blue Trust Inc. lifted its stake in Banco Macro by 171.6% in the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock worth $188,000 after acquiring an additional 1,225 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new position in Banco Macro during the 4th quarter worth about $199,000.

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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.