Grupo Supervielle S.A. (NYSE:SUPV) Sees Large Decline in Short Interest

Grupo Supervielle S.A. (NYSE:SUPVGet Free Report) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,040,000 shares, a decrease of 29.3% from the November 15th total of 1,470,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Thursday.

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Grupo Supervielle Stock Up 0.2 %

Shares of Grupo Supervielle stock traded up $0.03 during trading on Friday, hitting $13.21. 792,363 shares of the stock were exchanged, compared to its average volume of 1,237,632. Grupo Supervielle has a 1-year low of $3.33 and a 1-year high of $13.50. The company has a fifty day moving average price of $9.95 and a 200-day moving average price of $7.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SUPV. Mak Capital One LLC lifted 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 last quarter. Ping Capital Management Inc. bought a new stake in shares of Grupo Supervielle during the second quarter worth about $2,178,000. Acadian Asset Management LLC increased its stake in shares of Grupo Supervielle by 563.5% in the second quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after buying an additional 171,173 shares during the period. Point72 Asset Management L.P. bought a new position in Grupo Supervielle in the 3rd quarter valued at approximately $995,000. Finally, Jane Street Group LLC acquired a new stake in Grupo Supervielle during the 3rd quarter worth approximately $749,000.

About Grupo Supervielle

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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.

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