Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 806,300 shares, a drop of 32.8% from the February 13th total of 1,200,000 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is presently 0.6 days.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on SUPV shares. JPMorgan Chase & Co. upgraded Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 target price on the stock in a research note on Thursday, December 12th. StockNews.com lowered Grupo Supervielle from a "hold" rating to a "sell" rating in a research report on Thursday, March 13th. Finally, Morgan Stanley raised shares of Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 target price for the company in a report on Monday, December 16th.
View Our Latest Stock Report on SUPV
Grupo Supervielle Price Performance
Shares of NYSE:SUPV traded up $0.98 during trading on Wednesday, reaching $13.89. 802,641 shares of the company's stock traded hands, compared to its average volume of 1,251,027. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. Grupo Supervielle has a fifty-two week low of $5.00 and a fifty-two week high of $19.75. The company has a 50-day simple moving average of $15.35 and a 200-day simple moving average of $12.16. The firm has a market cap of $1.23 billion, a PE ratio of 19.28 and a beta of 2.02.
Institutional Trading of Grupo Supervielle
A number of institutional investors and hedge funds have recently made changes to their positions in SUPV. SBI Securities Co. Ltd. purchased a new position in shares of Grupo Supervielle during the 4th quarter valued at approximately $63,000. GAMMA Investing LLC lifted its holdings in Grupo Supervielle by 151.4% during the fourth 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 acquired a new stake in shares of Grupo Supervielle in the third quarter valued at about $127,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Grupo Supervielle during the third quarter worth about $145,000. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of Grupo Supervielle during the fourth quarter worth about $151,000.
Grupo Supervielle Company Profile
(
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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.
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