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

Key Points

• Short interest for Grupo Supervielle S.A. increased significantly in August, rising by 45.6% from the previous month, reaching a total of 2,490,000 shares.
• Wall Street analysts have upgraded Grupo Supervielle from a "sell" to a "hold" rating, with an average target price of $17.00 and a designation of "Moderate Buy."
• The company's recent quarterly earnings report showed an EPS of $0.14, which was below analyst expectations of $0.22, signaling a challenge in achieving revenue targets.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 2,490,000 shares, an increase of 45.6% from the July 31st total of 1,710,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is currently 2.0 days.

Grupo Supervielle Stock Down 7.6%

SUPV traded down $0.45 on Friday, reaching $5.47. The company's stock had a trading volume of 3,460,852 shares, compared to its average volume of 1,634,754. The stock has a 50 day moving average of $9.33 and a two-hundred day moving average of $12.01. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $484.26 million, a price-to-earnings ratio of 8.29, a P/E/G ratio of 8.89 and a beta of 1.75. Grupo Supervielle has a fifty-two week low of $5.35 and a fifty-two week high of $19.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). The business had revenue of $210.52 million during the quarter, compared to analyst estimates of $283.67 billion. Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.82%. As a group, analysts forecast that Grupo Supervielle will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SUPV shares. Wall Street Zen raised Grupo Supervielle from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Citigroup downgraded Grupo Supervielle from a "buy" rating to a "neutral" rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.00.

Institutional Investors Weigh In On Grupo Supervielle

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Grupo Supervielle by 10.2% during the first quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock worth $104,000 after purchasing an additional 737 shares during the period. Freedom Investment Management Inc. lifted its holdings in shares of Grupo Supervielle by 4.4% during the first quarter. Freedom Investment Management Inc. now owns 44,386 shares of the company's stock worth $580,000 after purchasing an additional 1,862 shares during the period. Sparta 24 Ltd. acquired a new stake in shares of Grupo Supervielle during the second quarter worth $27,000. Titan Global Capital Management USA LLC lifted its holdings in shares of Grupo Supervielle by 5.3% during the second quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company's stock worth $572,000 after purchasing an additional 2,711 shares during the period. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of Grupo Supervielle by 11.1% during the first quarter. Insigneo Advisory Services LLC now owns 36,209 shares of the company's stock worth $473,000 after purchasing an additional 3,604 shares during the period.

Grupo Supervielle Company Profile

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.