Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 166 shares, a decrease of 96.5% from the September 15th total of 4,777 shares. Based on an average daily trading volume, of 39,014 shares, the days-to-cover ratio is currently 0.0 days.
Macquarie Group Stock Up 1.7%
Shares of MQBKY stock traded up $2.95 on Friday, hitting $174.49. 12,167 shares of the stock were exchanged, compared to its average volume of 16,944. The firm’s 50 day moving average is $177.38 and its two-hundred day moving average is $171.44. Macquarie Group has a one year low of $122.37 and a one year high of $190.30.
Wall Street Analysts Forecast Growth
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 stock. According to data from MarketBeat.com, 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 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.
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