Macquarie Group Limited (OTCMKTS:MQBKY) Shares Shorted: Short Interest Up 109.1% in September

Macquarie Group Limited (OTCMKTS:MQBKY) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,777 shares, a growth of 109.1% from the August 31st total of 2,285 shares. Based on an average trading volume of 22,561 shares, the short-interest ratio is currently 0.2 days.

Macquarie Group Trading Up 0.2%

MQBKY opened at $171.80 on Wednesday. The business’s 50-day moving average price is $178.39 and its 200-day moving average price is $169.71. Macquarie Group has a 12 month low of $122.37 and a 12 month high of $190.30.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Macquarie Group currently has an average rating of “Reduce”.

Macquarie Group Company Profile

Macquarie Group Limited is a diversified financial services company headquartered in Sydney, Australia. Founded in 1969, the group serves institutional, corporate, government and retail clients through operations spanning investment management, banking, financial markets and advisory services.

Macquarie’s principal businesses include Macquarie Asset Management, which provides investment management and fund solutions; Banking and Financial Services, which offers deposits, lending, financial advice and related services; Commodities and Global Markets, which provides financing, trading and risk-management solutions across commodities and financial markets; and Macquarie Capital, which delivers corporate finance, equity and debt advisory, and investment services.

The company operates internationally across the Americas, Europe, Asia-Pacific, the Middle East and Africa.