Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Short Interest Update

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 4,240,000 shares, an increase of 24.3% from the June 30th total of 3,410,000 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 4.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Monday, July 8th.

Institutional Trading of Grupo Financiero Galicia

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of Grupo Financiero Galicia in the second quarter valued at $40,000. Headlands Technologies LLC purchased a new stake in shares of Grupo Financiero Galicia during the first quarter valued at $67,000. Banco Santander S.A. purchased a new stake in shares of Grupo Financiero Galicia during the second quarter valued at $211,000. Claro Advisors LLC purchased a new stake in shares of Grupo Financiero Galicia during the first quarter valued at $235,000. Finally, Shilanski & Associates Inc. purchased a new stake in shares of Grupo Financiero Galicia during the first quarter valued at $242,000.

Grupo Financiero Galicia Trading Down 2.1 %

Shares of NASDAQ:GGAL traded down $0.57 on Tuesday, hitting $27.02. The company’s stock had a trading volume of 660,392 shares, compared to its average volume of 1,002,756. Grupo Financiero Galicia has a 12 month low of $10.57 and a 12 month high of $37.83. The stock’s 50-day moving average is $31.25 and its two-hundred day moving average is $27.36. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04.

Grupo Financiero Galicia Increases Dividend

The company also recently disclosed a Variable dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 26th will be issued a $0.6575 dividend. This is a positive change from Grupo Financiero Galicia’s previous Variable dividend of $0.12. The ex-dividend date is Friday, July 26th. This represents a dividend yield of 6.64%.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.