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

Grupo Supervielle S.A. (NYSE:SUPV) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,260,000 shares, a drop of 14.3% from the December 15th total of 1,470,000 shares. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SUPV. JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a report on Thursday, December 12th. Morgan Stanley upgraded shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target for the company in a report on Monday, December 16th.

Institutional Trading of Grupo Supervielle

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Grupo Supervielle by 151.4% in the fourth quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock valued at $109,000 after acquiring an additional 4,349 shares during the last quarter. Centiva Capital LP acquired a new stake in Grupo Supervielle in the third quarter valued at approximately $127,000. Koshinski Asset Management Inc. acquired a new stake in Grupo Supervielle in the fourth quarter valued at approximately $289,000. Dynamic Technology Lab Private Ltd acquired a new stake in Grupo Supervielle in the third quarter valued at approximately $145,000. Finally, Quantbot Technologies LP lifted its stake in Grupo Supervielle by 212.9% in the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after acquiring an additional 19,602 shares during the last quarter.

Grupo Supervielle Price Performance

NYSE SUPV opened at $17.97 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.64 billion, a PE ratio of 24.96 and a beta of 1.96. The company has a 50 day moving average price of $13.92 and a two-hundred day moving average price of $9.59. Grupo Supervielle has a 12-month low of $3.48 and a 12-month high of $19.75.

About Grupo Supervielle

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.