Macquarie Group Limited (OTCMKTS:MQBKY) Stock Short Interest Declines 96.5%

Macquarie Group Limited (OTCMKTS:MQBKY) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 166 shares, a decline of 96.5% from the September 15th total of 4,777 shares. Based on an average daily trading volume, of 39,014 shares, the short-interest ratio is currently 0.0 days.

Macquarie Group Trading Up 1.7%

OTCMKTS:MQBKY traded up $2.95 during mid-day trading on Friday, hitting $174.49. The stock had a trading volume of 12,167 shares, compared to its average volume of 16,944. Macquarie Group has a twelve month low of $122.37 and a twelve month high of $190.30. The company’s 50 day simple moving average is $177.38 and its 200 day simple moving average is $171.44.

Analyst Ratings Changes

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

About Macquarie Group

Macquarie Group Limited is a diversified financial services company headquartered in Sydney, Australia. Founded in 1969, the group provides investment, advisory, banking and asset management services to corporations, institutions, governments and individual clients worldwide.

Macquarie operates through four principal business areas: Macquarie Asset Management, which manages investments across public and private markets; Banking and Financial Services, which provides deposits, lending, wealth management and financial advice; Commodities and Global Markets, which offers trading, financing, risk management and market access across commodities and financial markets; and Macquarie Capital, which provides corporate advisory, equity and debt solutions, and investment services.

The company invests in and advises on infrastructure, renewable energy, real estate, technology and other sectors through its global operations.