Banco Macro S.A. (NYSE:BMA) Short Interest Update

Banco Macro S.A. (NYSE:BMA) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 454,700 shares, an increase of 81.6% from the February 28th total of 250,400 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 329,400 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price objective for the company in a research report on Monday, December 16th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in shares of Banco Macro by 1,829.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank’s stock valued at $58,000 after buying an additional 567 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Banco Macro in the 4th quarter valued at about $63,000. GAMMA Investing LLC increased its stake in shares of Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after purchasing an additional 452 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Banco Macro by 171.6% in the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock valued at $188,000 after purchasing an additional 1,225 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new stake in shares of Banco Macro in the 4th quarter valued at about $199,000.

Banco Macro Stock Down 2.1 %

Banco Macro stock traded down $1.68 during mid-day trading on Friday, reaching $78.50. The company’s stock had a trading volume of 200,183 shares, compared to its average volume of 333,531. The business’s 50 day simple moving average is $89.96 and its 200 day simple moving average is $86.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. Banco Macro has a 12 month low of $42.23 and a 12 month high of $118.42. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 6.88 and a beta of 1.73.

Banco Macro Company Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.