Grupo Supervielle S.A. (NYSE:SUPV) Short Interest Update

Grupo Supervielle S.A. (NYSE:SUPV) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 2,531,079 shares, a decrease of 27.1% from the January 29th total of 3,469,956 shares. Based on an average daily trading volume, of 1,183,991 shares, the short-interest ratio is currently 2.1 days. Approximately 2.9% of the company’s shares are sold short. Approximately 2.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,183,991 shares, the short-interest ratio is currently 2.1 days.

Grupo Supervielle Stock Down 4.5%

Shares of SUPV stock traded down $0.42 on Monday, hitting $8.94. The stock had a trading volume of 1,987,645 shares, compared to its average volume of 969,449. Grupo Supervielle has a 12-month low of $4.54 and a 12-month high of $17.02. The business has a 50 day moving average of $11.25 and a 200 day moving average of $9.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $782.70 million, a price-to-earnings ratio of 74.51, a price-to-earnings-growth ratio of 13.28 and a beta of 1.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Titan Global Capital Management USA LLC grew its position in shares of Grupo Supervielle by 5.3% during the 2nd quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company’s stock valued at $572,000 after purchasing an additional 2,711 shares in the last quarter. Wells Fargo & Company MN bought a new stake in shares of Grupo Supervielle during the 4th quarter valued at about $55,000. Van ECK Associates Corp boosted its position in shares of Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock valued at $110,000 after acquiring an additional 4,666 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Grupo Supervielle by 5.6% during the third quarter. Insigneo Advisory Services LLC now owns 101,363 shares of the company’s stock worth $502,000 after purchasing an additional 5,361 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Grupo Supervielle by 29.3% in the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after purchasing an additional 6,000 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SUPV shares. Bank of America reiterated a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. UBS Group assumed coverage on Grupo Supervielle in a report on Wednesday, November 19th. They set a “neutral” rating and a $13.00 price objective for the company. Itau BBA Securities initiated coverage on Grupo Supervielle in a research note on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 target price on the stock. Zacks Research downgraded Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings downgraded shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.00.

About Grupo Supervielle

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.