Grupo Supervielle S.A. (NYSE:SUPV) Sees Significant Drop in Short Interest

Key Points

• Short interest in Grupo Supervielle fell by a 19.1% decrease to 2,180,188 shares as of March 31, representing roughly 2.5% of the float and a days-to-cover ratio of about 2.6 days.
• Several research firms have downgraded the stock (JPMorgan cut its price target to $11 and set a "neutral" rating; Zacks, Weiss and Wall Street Zen moved to sell/strong-sell), though the consensus remains a "Hold" with an average price target of $13.00.
• Shares traded around $9.90 with a market cap near $867M and a one-year range of $4.54–$17.02, while recent fundamentals show a negative EPS (-$0.03 last quarter), negative net margin and negative ROE.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,180,188 shares, a decrease of 19.1% from the March 15th total of 2,693,555 shares. Approximately 2.5% of the company's stock are sold short. Based on an average daily trading volume, of 827,155 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of Grupo Supervielle

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN bought a new position in shares of Grupo Supervielle during the 4th quarter worth about $55,000. LJI Wealth Management LLC bought a new position in shares of Grupo Supervielle during the 3rd quarter worth about $57,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Grupo Supervielle during the 3rd quarter worth about $91,000. Centiva Capital LP bought a new position in shares of Grupo Supervielle during the 3rd quarter worth about $101,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company's stock worth $110,000 after acquiring an additional 4,666 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on SUPV. JPMorgan Chase & Co. dropped their price objective on shares of Grupo Supervielle from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, February 19th. Zacks Research lowered shares of Grupo Supervielle from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 24th. Weiss Ratings lowered shares of Grupo Supervielle from a "hold (c-)" rating to a "sell (d)" rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of Grupo Supervielle from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Grupo Supervielle currently has a consensus rating of "Hold" and an average price target of $13.00.

Grupo Supervielle Stock Performance

NYSE:SUPV traded up $0.15 during midday trading on Thursday, reaching $9.90. The stock had a trading volume of 797,869 shares, compared to its average volume of 681,638. Grupo Supervielle has a 1-year low of $4.54 and a 1-year high of $17.02. The firm's fifty day simple moving average is $9.52 and its 200-day simple moving average is $9.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $866.97 million, a P/E ratio of -27.51 and a beta of 1.78.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.99%. The firm had revenue of $145.40 million during the quarter. On average, equities research analysts forecast that Grupo Supervielle will post 1.5 EPS for the current fiscal year.

Grupo Supervielle Company Profile

Grupo Supervielle NYSE: SUPV is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.

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