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

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,200,000 shares, a decline of 13.7% from the January 31st total of 1,390,000 shares. Based on an average trading volume of 1,350,000 shares, the short-interest ratio is currently 0.9 days.

Grupo Supervielle Stock Performance

Grupo Supervielle stock traded up $0.32 during trading hours on Friday, reaching $13.81. 1,057,002 shares of the stock were exchanged, compared to its average volume of 1,274,303. The stock has a market cap of $1.22 billion, a P/E ratio of 19.18 and a beta of 1.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. Grupo Supervielle has a 52-week low of $4.36 and a 52-week high of $19.75. The firm's 50 day moving average is $15.79 and its 200 day moving average is $11.79.

Hedge Funds Weigh In On Grupo Supervielle

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Grupo Supervielle in the 4th quarter valued at about $63,000. GAMMA Investing LLC increased its holdings in shares of Grupo Supervielle by 151.4% in the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company's stock valued at $109,000 after purchasing an additional 4,349 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Grupo Supervielle in the 3rd quarter valued at about $127,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Grupo Supervielle in the 3rd quarter valued at about $145,000. Finally, Stratos Wealth Advisors LLC purchased a new position in shares of Grupo Supervielle in the 4th quarter valued at about $151,000.

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Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price target for the company in a report on Monday, December 16th. JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 target price for the company in a report on Thursday, December 12th.

About Grupo Supervielle

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.