Macquarie Group Limited (OTCMKTS:MQBKY) Short Interest Down 36.2% in July

Macquarie Group Limited (OTCMKTS:MQBKY) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 8,742 shares, a decrease of 36.2% from the June 30th total of 13,700 shares. Based on an average daily volume of 22,903 shares, the days-to-cover ratio is presently 0.4 days.

Macquarie Group Stock Down 0.0%

OTCMKTS MQBKY traded down $0.06 during trading hours on Thursday, hitting $176.34. The company had a trading volume of 5,308 shares, compared to its average volume of 18,233. Macquarie Group has a fifty-two week low of $122.37 and a fifty-two week high of $181.55. The firm’s 50 day moving average is $173.82 and its 200 day moving average is $159.95.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MQBKY. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Macquarie Group in a research report on Tuesday, April 21st. UBS Group lowered Macquarie Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research cut Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

About Macquarie Group

Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.

The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.