Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Up 16.0% in October

Banco BBVA Argentina S.A. (NYSE:BBAR) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,960,000 shares, a growth of 16.0% from the October 15th total of 1,690,000 shares. Based on an average trading volume of 767,300 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Banco BBVA Argentina Price Performance

NYSE BBAR traded up $0.21 during trading hours on Friday, reaching $16.25. The company’s stock had a trading volume of 644,068 shares, compared to its average volume of 877,546. Banco BBVA Argentina has a 1-year low of $4.15 and a 1-year high of $16.70. The company’s 50-day moving average is $12.45 and its two-hundred day moving average is $10.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.35. The company had revenue of $892.11 million during the quarter, compared to analysts’ expectations of $599.49 million. Banco BBVA Argentina had a net margin of 4.23% and a return on equity of 9.98%. On average, sell-side analysts anticipate that Banco BBVA Argentina will post 1.88 EPS for the current year.

Hedge Funds Weigh In On Banco BBVA Argentina

Several hedge funds and other institutional investors have recently made changes to their positions in BBAR. XTX Topco Ltd purchased a new position in shares of Banco BBVA Argentina in the third quarter worth about $136,000. Truist Financial Corp acquired a new stake in Banco BBVA Argentina in the 2nd quarter valued at about $167,000. GSA Capital Partners LLP purchased a new position in Banco BBVA Argentina in the 3rd quarter worth approximately $237,000. SG Americas Securities LLC acquired a new position in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $246,000. Finally, Channing Global Advisors LLC purchased a new stake in shares of Banco BBVA Argentina in the third quarter valued at approximately $247,000.

Banco BBVA Argentina Company Profile

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.