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

Grupo Supervielle S.A. (NYSE:SUPV) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 1,340,000 shares, a drop of 35.3% from the September 30th total of 2,070,000 shares. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised shares of Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Thursday, August 8th.

Institutional Trading of Grupo Supervielle

Several large investors have recently added to or reduced their stakes in the stock. Precision Wealth Strategies LLC purchased a new position in Grupo Supervielle during the third quarter valued at $317,000. Mak Capital One LLC lifted its position in Grupo Supervielle by 37.6% during the 2nd quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock valued at $13,930,000 after acquiring an additional 561,720 shares during the period. Caxton Associates LP boosted its stake in Grupo Supervielle by 114.2% during the second quarter. Caxton Associates LP now owns 102,518 shares of the company’s stock worth $695,000 after acquiring an additional 54,651 shares in the last quarter. Ping Capital Management Inc. purchased a new stake in Grupo Supervielle in the second quarter worth about $2,178,000. Finally, Acadian Asset Management LLC increased its stake in shares of Grupo Supervielle by 563.5% during the second quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after purchasing an additional 171,173 shares in the last quarter.

Grupo Supervielle Trading Up 2.0 %

Shares of SUPV stock traded up $0.18 during trading hours on Tuesday, hitting $9.11. 1,349,035 shares of the company’s stock were exchanged, compared to its average volume of 1,225,799. The business’s 50 day simple moving average is $7.67 and its 200-day simple moving average is $6.93. Grupo Supervielle has a 12-month low of $1.76 and a 12-month high of $9.40. The company has a market capitalization of $832.11 million, a PE ratio of 8.82 and a beta of 2.03.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Grupo Supervielle had a net margin of 5.56% and a return on equity of 19.09%. The company had revenue of $276.87 million during the quarter. Equities analysts anticipate that Grupo Supervielle will post 1.29 EPS for the current year.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.