Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Short Interest Update

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 2,840,000 shares, a drop of 17.0% from the February 13th total of 3,420,000 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is currently 2.5 days.

Grupo Financiero Galicia Stock Up 5.3 %

Shares of GGAL stock traded up $2.91 during trading hours on Wednesday, hitting $57.72. 988,589 shares of the company were exchanged, compared to its average volume of 1,043,166. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. Grupo Financiero Galicia has a one year low of $23.53 and a one year high of $74.00. The business’s 50-day simple moving average is $62.61 and its two-hundred day simple moving average is $56.56. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 8.50 and a beta of 1.85.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price for the company in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Hedge Funds Weigh In On Grupo Financiero Galicia

Large investors have recently modified their holdings of the stock. R Squared Ltd bought a new position in shares of Grupo Financiero Galicia during the fourth quarter worth about $27,000. CIBC Private Wealth Group LLC bought a new position in shares of Grupo Financiero Galicia during the fourth quarter worth about $34,000. Compass Group LLC bought a new position in Grupo Financiero Galicia in the fourth quarter worth about $67,000. GeoWealth Management LLC bought a new position in Grupo Financiero Galicia in the fourth quarter worth about $71,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Grupo Financiero Galicia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock worth $136,000 after acquiring an additional 624 shares during the last quarter.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.