Grupo Supervielle S.A. (NYSE:SUPV) Sees Significant Increase in Short Interest

Grupo Supervielle S.A. (NYSE:SUPV) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 939,500 shares, an increase of 21.0% from the March 15th total of 776,500 shares. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is presently 0.8 days. Approximately 1.1% of the shares of the stock are short sold.

Institutional Trading of Grupo Supervielle

Several hedge funds and other institutional investors have recently bought and sold shares of SUPV. SBI Securities Co. Ltd. purchased a new stake in Grupo Supervielle during the 4th quarter valued at $63,000. GAMMA Investing LLC boosted its holdings in shares of Grupo Supervielle by 10.2% during the first quarter. GAMMA Investing LLC now owns 7,958 shares of the company’s stock worth $104,000 after purchasing an additional 737 shares during the period. Stratos Wealth Advisors LLC bought a new stake in shares of Grupo Supervielle in the fourth quarter worth about $151,000. Y Intercept Hong Kong Ltd bought a new position in Grupo Supervielle during the 4th quarter valued at approximately $235,000. Finally, XTX Topco Ltd purchased a new stake in Grupo Supervielle in the 4th quarter worth approximately $258,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Sunday, April 6th.

Grupo Supervielle Stock Down 1.8 %

SUPV opened at $15.09 on Tuesday. The company has a market cap of $1.34 billion, a P/E ratio of 20.96 and a beta of 1.80. Grupo Supervielle has a 12 month low of $5.00 and a 12 month high of $19.75. The business’s 50-day moving average price is $13.56 and its 200-day moving average price is $13.16. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

About Grupo Supervielle

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.