Macquarie Group Limited (OTCMKTS:MQBKY) Short Interest Up 19.4% in November

Macquarie Group Limited (OTCMKTS:MQBKY) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 3,700 shares, a growth of 19.4% from the November 15th total of 3,100 shares. Based on an average daily volume of 26,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Macquarie Group from a “hold” rating to a “strong sell” rating in a research note on Sunday, October 13th.

Macquarie Group Price Performance

Shares of Macquarie Group stock traded down $0.16 during midday trading on Monday, reaching $143.03. 14,032 shares of the company’s stock traded hands, compared to its average volume of 8,036. The stock has a 50 day moving average of $151.51 and a 200-day moving average of $144.44. Macquarie Group has a 12 month low of $118.12 and a 12 month high of $165.98.

Macquarie Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, November 12th will be given a $1.7113 dividend. The ex-dividend date is Tuesday, November 12th. Macquarie Group’s dividend payout ratio is currently 80.85%.

About Macquarie Group

Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital.