Banco Macro S.A. (NYSE:BMA) Short Interest Up 36.7% in February

Banco Macro S.A. (NYSE:BMA) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 250,400 shares, a growth of 36.7% from the February 13th total of 183,200 shares. Based on an average daily volume of 351,600 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Banco Macro

Several large investors have recently added to or reduced their stakes in BMA. TT International Asset Management LTD raised its position in shares of Banco Macro by 86.6% in the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock worth $110,411,000 after buying an additional 529,610 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Banco Macro by 136.1% during the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank’s stock valued at $55,188,000 after purchasing an additional 328,800 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Banco Macro by 84.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 539,074 shares of the bank’s stock worth $52,161,000 after buying an additional 247,070 shares during the period. Cape Ann Asset Management Ltd purchased a new position in Banco Macro in the 4th quarter worth approximately $20,203,000. Finally, Gemsstock Ltd. purchased a new stake in shares of Banco Macro during the fourth quarter valued at approximately $15,349,000.

Banco Macro Stock Down 2.7 %

BMA traded down $2.29 during trading on Monday, hitting $82.94. 178,873 shares of the company’s stock were exchanged, compared to its average volume of 338,705. The stock has a market cap of $5.30 billion, a P/E ratio of 7.27 and a beta of 1.73. The business’s 50 day moving average is $95.51 and its two-hundred day moving average is $85.08. Banco Macro has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 target price for the company in a research note on Monday, December 16th.

About Banco Macro

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.