Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Down 17.9% in March

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 960,700 shares, a decrease of 17.9% from the February 28th total of 1,170,000 shares. Based on an average trading volume of 827,800 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

BBAR has been the topic of several research analyst reports. Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target on the stock in a research report on Monday, December 16th. StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th.

Banco BBVA Argentina Stock Performance

BBAR stock traded down $0.77 on Thursday, reaching $17.75. The company’s stock had a trading volume of 315,433 shares, compared to its average volume of 821,451. Banco BBVA Argentina has a 52 week low of $7.05 and a 52 week high of $25.01. The company has a market capitalization of $3.63 billion, a P/E ratio of 9.24 and a beta of 1.41. The firm has a fifty day moving average of $19.65 and a two-hundred day moving average of $17.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99.

Institutional Investors Weigh In On Banco BBVA Argentina

A number of institutional investors and hedge funds have recently modified their holdings of the stock. TT International Asset Management LTD purchased a new stake in shares of Banco BBVA Argentina during the fourth quarter valued at $3,261,000. Clear Creek Financial Management LLC acquired a new stake in Banco BBVA Argentina during the 4th quarter worth about $236,000. Redhawk Wealth Advisors Inc. purchased a new stake in Banco BBVA Argentina during the fourth quarter valued at about $743,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Banco BBVA Argentina during the fourth quarter valued at approximately $408,000. Finally, Activest Wealth Management boosted its stake in Banco BBVA Argentina by 378.3% in the 4th quarter. Activest Wealth Management now owns 71,740 shares of the bank’s stock worth $1,367,000 after purchasing an additional 56,740 shares during the period.

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.