Short Interest in Grupo Supervielle S.A. (NYSE:SUPV) Declines By 35.3%

Grupo Supervielle S.A. (NYSE:SUPV) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,340,000 shares, a decrease of 35.3% from the September 30th total of 2,070,000 shares. Based on an average trading volume of 1,100,000 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Grupo Supervielle

A number of hedge funds have recently added to or reduced their stakes in the stock. Mak Capital One LLC grew its position in Grupo Supervielle by 37.6% during the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock valued at $13,930,000 after buying an additional 561,720 shares during the period. Ping Capital Management Inc. purchased a new position in shares of Grupo Supervielle during the 2nd quarter worth $2,178,000. Acadian Asset Management LLC grew its position in shares of Grupo Supervielle by 563.5% during the 2nd quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after acquiring an additional 171,173 shares during the period. Caxton Associates LP increased its stake in shares of Grupo Supervielle by 114.2% in the 2nd quarter. Caxton Associates LP now owns 102,518 shares of the company’s stock worth $695,000 after purchasing an additional 54,651 shares in the last quarter. Finally, Precision Wealth Strategies LLC bought a new position in Grupo Supervielle in the 3rd quarter worth $317,000.

Grupo Supervielle Price Performance

NYSE SUPV traded up $0.18 during trading hours on Tuesday, hitting $9.11. The company’s stock had a trading volume of 1,349,035 shares, compared to its average volume of 1,225,799. Grupo Supervielle has a 12 month low of $1.76 and a 12 month high of $9.40. The company’s 50 day simple moving average is $7.67 and its two-hundred day simple moving average is $6.93. The company has a market cap of $832.11 million, a P/E ratio of 8.82 and a beta of 2.03.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Grupo Supervielle had a net margin of 5.56% and a return on equity of 19.09%. The firm had revenue of $276.87 million for the quarter. As a group, research analysts predict that Grupo Supervielle will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Bank of America upgraded shares of Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Thursday, August 8th.

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.