Short Interest in Grupo Supervielle S.A. (NYSE:SUPV) Drops By 32.8%

Grupo Supervielle S.A. (NYSE:SUPV) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 806,300 shares, a decline of 32.8% from the February 13th total of 1,200,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.9% of the company’s stock are short sold.

Grupo Supervielle Price Performance

Grupo Supervielle stock traded up $1.06 during mid-day trading on Friday, hitting $14.18. 969,643 shares of the company were exchanged, compared to its average volume of 1,258,071. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $15.53 and a 200 day moving average of $12.00. Grupo Supervielle has a 1-year low of $4.87 and a 1-year high of $19.75. The company has a market capitalization of $1.25 billion, a PE ratio of 19.69 and a beta of 2.02.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SUPV shares. StockNews.com cut Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price for the company in a research note on Thursday, December 12th. Finally, Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price for the company in a research note on Monday, December 16th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Grupo Supervielle during the fourth quarter worth $63,000. GAMMA Investing LLC boosted 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 worth $109,000 after buying an additional 4,349 shares during the last quarter. Centiva Capital LP bought a new position in Grupo Supervielle during the third quarter worth about $127,000. Dynamic Technology Lab Private Ltd bought a new position in Grupo Supervielle during the third quarter worth about $145,000. Finally, Stratos Wealth Advisors LLC bought a new position in Grupo Supervielle during the fourth quarter worth about $151,000.

Grupo Supervielle Company Profile

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.