Grupo Supervielle S.A. (NYSE:SUPV) Sees Significant Drop in Short Interest

Grupo Supervielle S.A. (NYSE:SUPV) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 1,340,000 shares, a drop 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 days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently modified their holdings of SUPV. BNP Paribas Financial Markets boosted its holdings in shares of Grupo Supervielle by 1,262.1% in the first quarter. BNP Paribas Financial Markets now owns 17,735 shares of the company’s stock worth $101,000 after buying an additional 16,433 shares during the period. Acadian Asset Management LLC acquired a new position in Grupo Supervielle in the 1st quarter worth approximately $173,000. Precision Wealth Strategies LLC purchased a new position in Grupo Supervielle during the 3rd quarter worth approximately $317,000. Caxton Associates LP acquired a new stake in Grupo Supervielle during the 1st quarter valued at $273,000. Finally, Ping Capital Management Inc. purchased a new stake in shares of Grupo Supervielle in the second quarter valued at $2,178,000.

Grupo Supervielle Trading Up 4.5 %

SUPV traded up $0.38 on Friday, reaching $8.83. The company had a trading volume of 1,281,374 shares, compared to its average volume of 1,221,813. Grupo Supervielle has a one year low of $1.76 and a one year high of $8.87. The company has a market capitalization of $806.53 million, a P/E ratio of 8.41 and a beta of 2.03. The company has a fifty day moving average of $7.64 and a 200-day moving average of $6.91.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Grupo Supervielle had a return on equity of 19.09% and a net margin of 5.56%. The company had revenue of $276.87 million for the quarter. Research analysts predict that Grupo Supervielle will post 1.29 EPS for the current 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 objective on the stock in a research note on Thursday, August 8th.

Grupo Supervielle Company Profile

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.