Short Interest in Banco BBVA Argentina S.A. (NYSE:BBAR) Drops By 17.9%

Banco BBVA Argentina S.A. (NYSE:BBAR) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 960,700 shares, a drop of 17.9% from the February 28th total of 1,170,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 827,800 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BBAR. Blue Trust Inc. increased its position in shares of Banco BBVA Argentina by 38.0% in the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock worth $47,000 after purchasing an additional 685 shares during the last quarter. GAMMA Investing LLC grew its stake in Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after purchasing an additional 2,307 shares in the last quarter. XTX Topco Ltd bought a new stake in Banco BBVA Argentina in the third quarter valued at about $136,000. Clear Creek Financial Management LLC acquired a new stake in Banco BBVA Argentina during the fourth quarter valued at approximately $236,000. Finally, NewEdge Advisors LLC lifted its holdings in Banco BBVA Argentina by 1,332.9% during the 4th quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank’s stock worth $281,000 after buying an additional 13,729 shares during the last quarter.

Banco BBVA Argentina Stock Up 1.1 %

NYSE BBAR traded up $0.21 during mid-day trading on Tuesday, reaching $18.33. 107,509 shares of the company’s stock traded hands, compared to its average volume of 822,881. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina has a 1-year low of $7.05 and a 1-year high of $25.01. The company has a fifty day simple moving average of $19.85 and a 200-day simple moving average of $17.24. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 9.54 and a beta of 1.41.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BBAR. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Monday, December 16th.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.