Short Interest in Macquarie Group Limited (OTCMKTS:MQBKY) Decreases By 67.2%

Macquarie Group Limited (OTCMKTS:MQBKY) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,100 shares, a decline of 67.2% from the July 30th total of 6,396 shares. Based on an average trading volume of 16,564 shares, the days-to-cover ratio is currently 0.1 days.

Macquarie Group Stock Down 0.4%

Shares of MQBKY opened at $180.74 on Thursday. Macquarie Group has a 1 year low of $122.37 and a 1 year high of $190.30. The company has a 50 day simple moving average of $178.77 and a two-hundred day simple moving average of $165.26.

Analyst Ratings Changes

Separately, Zacks Research cut Macquarie Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average 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.