Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Down 13.1% in November

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,860,000 shares, a drop of 13.1% from the November 15th total of 2,140,000 shares. Based on an average daily volume of 723,800 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.9% of the shares of the company are short sold.

Banco BBVA Argentina Price Performance

Banco BBVA Argentina stock traded down $0.01 during trading hours on Tuesday, hitting $19.21. 989,964 shares of the company traded hands, compared to its average volume of 870,938. The firm has a market cap of $3.92 billion, a P/E ratio of 10.01 and a beta of 1.49. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $14.94 and its two-hundred day simple moving average is $11.67. Banco BBVA Argentina has a 1-year low of $4.63 and a 1-year high of $19.98.

Hedge Funds Weigh In On Banco BBVA Argentina

Several hedge funds have recently made changes to their positions in the business. Fourth Sail Capital LP grew its stake in shares of Banco BBVA Argentina by 74.6% in the 2nd quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after purchasing an additional 1,009,103 shares during the last quarter. PointState Capital LP boosted its holdings in shares of Banco BBVA Argentina by 14.2% in the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after buying an additional 206,399 shares during the period. Ping Capital Management Inc. acquired a new position in shares of Banco BBVA Argentina in the second quarter worth about $11,293,000. Sagil Capital LLP acquired a new position in shares of Banco BBVA Argentina in the third quarter worth about $2,131,000. Finally, Mirabella Financial Services LLP acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth approximately $1,155,000.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research report on Monday.

About Banco BBVA Argentina

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.