Macquarie Group Limited (OTCMKTS:MQBKY) Sees Large Increase in Short Interest

Macquarie Group Limited (OTCMKTS:MQBKY) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 3,700 shares, a growth of 19.4% from the November 15th total of 3,100 shares. Based on an average trading volume of 26,800 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Macquarie Group from a “hold” rating to a “strong sell” rating in a report on Sunday, October 13th.

Macquarie Group Stock Up 0.1 %

Shares of MQBKY traded up $0.09 during mid-day trading on Monday, hitting $143.28. The company’s stock had a trading volume of 14,819 shares, compared to its average volume of 8,036. The firm has a 50-day simple moving average of $151.29 and a 200 day simple moving average of $144.56. Macquarie Group has a 1-year low of $118.12 and a 1-year high of $165.98.

Macquarie Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, November 12th will be issued a $1.7113 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. Macquarie Group’s dividend payout ratio is currently 80.85%.

About Macquarie Group

Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital.