Short Interest in Grupo Supervielle S.A. (NYSE:SUPV) Decreases By 14.3%

Grupo Supervielle S.A. (NYSE:SUPV) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,260,000 shares, a decline of 14.3% from the December 15th total of 1,470,000 shares. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

SUPV has been the topic of several recent analyst reports. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a research report on Thursday, December 12th.

Grupo Supervielle Stock Performance

Grupo Supervielle stock traded down $0.75 during midday trading on Thursday, reaching $17.97. 1,673,081 shares of the company traded hands, compared to its average volume of 1,821,288. Grupo Supervielle has a 12 month low of $3.48 and a 12 month high of $19.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50 day moving average of $13.76 and a two-hundred day moving average of $9.53. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 24.96 and a beta of 1.96.

Institutional Investors Weigh In On Grupo Supervielle

A number of hedge funds have recently added to or reduced their stakes in the stock. Mak Capital One LLC grew its holdings in shares of Grupo Supervielle by 37.6% in the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock worth $13,930,000 after acquiring an additional 561,720 shares during the period. JPMorgan Chase & Co. boosted its position in Grupo Supervielle by 129.3% in the third quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock worth $2,663,000 after purchasing an additional 211,166 shares during the last quarter. Sparta 24 Ltd. bought a new stake in shares of Grupo Supervielle during the 4th quarter valued at about $2,192,000. Point72 Asset Management L.P. purchased a new stake in shares of Grupo Supervielle during the 3rd quarter valued at about $995,000. Finally, Jane Street Group LLC purchased a new stake in shares of Grupo Supervielle during the 3rd quarter valued at about $749,000.

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.