Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Sees Large Drop in Short Interest

Key Points

• Grupo Aval Acciones y Valores S.A. experienced a 60.2% decline in short interest, dropping from 173,700 shares in August to 69,100 shares by September 15th.
• Institutional investors have increased their involvement, with significant stakes being raised or established, including Banco BTG Pactual S.A., which raised its position by 172.8% this year.
• The company declared a monthly dividend of $0.0115 per share, set to be paid on March 9, representing a 4.1% annual yield.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - ) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 69,100 shares, a decline of 60.2% from the August 31st total of 173,700 shares. Based on an average daily trading volume, of 80,900 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 80,900 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Institutional investors have recently bought and sold shares of the business. Inspire Investing LLC raised its position in Grupo Aval Acciones y Valores by 37.4% in the 1st quarter. Inspire Investing LLC now owns 20,129 shares of the bank's stock valued at $55,000 after purchasing an additional 5,484 shares during the last quarter. Sage Advisors LLC bought a new stake in shares of Grupo Aval Acciones y Valores during the first quarter worth $30,000. Dauntless Investment Group LLC bought a new stake in shares of Grupo Aval Acciones y Valores during the first quarter worth $161,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Grupo Aval Acciones y Valores during the first quarter worth $34,000. Finally, Banco BTG Pactual S.A. raised its position in shares of Grupo Aval Acciones y Valores by 172.8% during the first quarter. Banco BTG Pactual S.A. now owns 93,160 shares of the bank's stock worth $254,000 after acquiring an additional 59,006 shares during the last quarter. Institutional investors own 0.21% of the company's stock.

Grupo Aval Acciones y Valores Price Performance

AVAL stock traded up $0.05 during trading on Thursday, hitting $3.33. The company had a trading volume of 59,114 shares, compared to its average volume of 113,483. The company has a fifty day moving average price of $3.19 and a two-hundred day moving average price of $2.92. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The company has a market cap of $3.95 billion, a P/E ratio of 10.74 and a beta of 0.80. Grupo Aval Acciones y Valores has a fifty-two week low of $1.96 and a fifty-two week high of $3.49.

Grupo Aval Acciones y Valores Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 9th. Shareholders of record on Friday, February 27th will be given a $0.0115 dividend. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a yield of 4.1%. Grupo Aval Acciones y Valores's payout ratio is presently 32.26%.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. It offers traditional deposit services and products, including checking accounts, savings accounts, time deposits, and other deposits. The company also provides commercial loans comprising general purpose loans, working capital loans, leases, loans funded by development banks, corporate credit cards, and overdraft loans; consumer loans, such as payroll loans, personal loans, automobile and other vehicle loans, credit cards, overdrafts, leases, and general purpose loans; and microcredit and mortgage loans.

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