Short Interest in Banco Macro S.A. (NYSE:BMA) Decreases By 40.4%

Banco Macro S.A. (NYSE:BMA - Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 183,200 shares, a decrease of 40.4% from the January 31st total of 307,500 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 349,900 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Banco Macro

Several institutional investors have recently modified their holdings of the business. TT International Asset Management LTD boosted its stake 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 worth $110,411,000 after acquiring an additional 529,610 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in Banco Macro during the fourth quarter worth $735,000. Jane Street Group LLC acquired a new position in Banco Macro during the third quarter worth $421,000. JGP Global Gestao de Recursos Ltda. acquired a new position in Banco Macro during the fourth quarter worth $834,000. Finally, Activest Wealth Management acquired a new position in shares of Banco Macro in the fourth quarter valued at $981,000.

Banco Macro Stock Performance

Banco Macro stock traded up $3.73 during mid-day trading on Wednesday, reaching $85.58. The company had a trading volume of 283,825 shares, compared to its average volume of 368,132. 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 has a 52 week low of $38.28 and a 52 week high of $118.42. The company has a 50 day moving average of $98.75 and a 200-day moving average of $83.28. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 7.50 and a beta of 1.67.

About Banco Macro

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.