Banco BBVA Argentina S.A. (NYSE:BBAR) Sees Significant Growth in Short Interest

Banco BBVA Argentina S.A. (NYSE:BBAR) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,140,000 shares, a growth of 9.2% from the October 31st total of 1,960,000 shares. Based on an average daily volume of 771,900 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Banco BBVA Argentina

Several institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in Banco BBVA Argentina in the 3rd quarter valued at approximately $136,000. Truist Financial Corp bought a new position in Banco BBVA Argentina during the second quarter worth $167,000. GSA Capital Partners LLP acquired a new position in Banco BBVA Argentina during the 3rd quarter valued at $237,000. SG Americas Securities LLC bought a new stake in Banco BBVA Argentina in the 3rd quarter valued at $246,000. Finally, Channing Global Advisors LLC acquired a new stake in Banco BBVA Argentina in the 3rd quarter worth $247,000.

Banco BBVA Argentina Price Performance

Banco BBVA Argentina stock traded down $0.60 during trading hours on Wednesday, hitting $16.64. 478,242 shares of the company traded hands, compared to its average volume of 871,651. Banco BBVA Argentina has a 1-year low of $4.63 and a 1-year high of $18.24. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $13.77 and its two-hundred day simple moving average is $11.24. The firm has a market cap of $3.40 billion, a P/E ratio of 8.97 and a beta of 1.49.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.