Grupo Supervielle S.A. (NYSE:SUPV) Short Interest Down 13.7% in February

Grupo Supervielle S.A. (NYSE:SUPV) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,200,000 shares, a drop of 13.7% from the January 31st total of 1,390,000 shares. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Grupo Supervielle

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PointState Capital LP grew its stake in shares of Grupo Supervielle by 300.7% in the fourth quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock worth $28,659,000 after acquiring an additional 1,423,383 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in Grupo Supervielle by 585.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company’s stock worth $19,724,000 after purchasing an additional 1,106,497 shares in the last quarter. RWC Asset Management LLP purchased a new stake in Grupo Supervielle during the 4th quarter valued at about $11,251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Grupo Supervielle by 111.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company’s stock valued at $21,296,000 after purchasing an additional 742,479 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Grupo Supervielle by 129.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock valued at $2,663,000 after purchasing an additional 211,166 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Grupo Supervielle Stock Down 0.2 %

SUPV traded down $0.03 during midday trading on Friday, reaching $13.46. The company’s stock had a trading volume of 617,047 shares, compared to its average volume of 1,274,572. Grupo Supervielle has a 1 year low of $4.36 and a 1 year high of $19.75. The stock’s 50-day moving average is $15.82 and its 200-day moving average is $11.74. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 18.62 and a beta of 1.95. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

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.