Grupo Supervielle S.A. (NYSE:SUPV) Short Interest Down 32.8% in February

Grupo Supervielle S.A. (NYSE:SUPV) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 806,300 shares, a decline of 32.8% from the February 13th total of 1,200,000 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is presently 0.6 days. Currently, 0.9% of the company’s stock are sold short.

Grupo Supervielle Stock Performance

Shares of Grupo Supervielle stock traded down $0.50 during midday trading on Monday, hitting $13.69. The company had a trading volume of 856,098 shares, compared to its average volume of 1,251,277. The company has a fifty day simple moving average of $15.45 and a 200 day simple moving average of $12.12. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 19.01 and a beta of 2.02. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. Grupo Supervielle has a 12-month low of $5.00 and a 12-month high of $19.75.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SUPV. Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective on the stock in a research report on Monday, December 16th. StockNews.com lowered shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Thursday, December 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. TT International Asset Management LTD grew its holdings in shares of Grupo Supervielle by 539.9% during the fourth quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock valued at $1,754,000 after buying an additional 97,946 shares during the last quarter. Jane Street Group LLC purchased a new stake in Grupo Supervielle during the 3rd quarter valued at about $749,000. Koshinski Asset Management Inc. purchased a new stake in Grupo Supervielle during the 4th quarter valued at about $289,000. Sparta 24 Ltd. acquired a new position in shares of Grupo Supervielle in the fourth quarter valued at about $2,192,000. Finally, JPMorgan Chase & Co. raised its stake in shares of 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.

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.