Short Interest in Grupo Supervielle S.A. (NYSE:SUPV) Declines By 32.8%

Grupo Supervielle S.A. (NYSE:SUPV) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 806,300 shares, a decline of 32.8% from the February 13th total of 1,200,000 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is currently 0.6 days.

Grupo Supervielle Trading Down 3.5 %

SUPV stock traded down $0.50 during mid-day trading on Monday, reaching $13.69. The company had a trading volume of 856,098 shares, compared to its average volume of 1,251,277. The company has a market capitalization of $1.21 billion, a PE ratio of 19.01 and a beta of 2.02. The firm has a 50 day moving average of $15.45 and a 200 day moving average of $12.12. Grupo Supervielle has a 12 month low of $5.00 and a 12 month high of $19.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Grupo Supervielle during the 4th quarter worth about $63,000. GAMMA Investing LLC boosted its stake in shares of Grupo Supervielle by 151.4% during the fourth quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock valued at $109,000 after purchasing an additional 4,349 shares in the last quarter. Centiva Capital LP bought a new position in shares of Grupo Supervielle during the third quarter valued at approximately $127,000. Dynamic Technology Lab Private Ltd purchased a new position in Grupo Supervielle during the third quarter valued at approximately $145,000. Finally, Stratos Wealth Advisors LLC bought a new position in Grupo Supervielle in the fourth quarter worth approximately $151,000.

Analysts Set New Price Targets

SUPV has been the topic of a number of analyst reports. StockNews.com cut shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Thursday. Morgan Stanley upgraded shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a report on Monday, December 16th. Finally, 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 report on Thursday, December 12th.

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.