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) saw a significant increase in short interest in August. As of August 15th, there was short interest totaling 2,490,000 shares, anincreaseof45.6% from the July 31st total of 1,710,000 shares. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is presently 2.0 days. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

Grupo Supervielle Stock Performance

Shares of NYSE:SUPV traded up $0.15 on Friday, hitting $8.01. 2,305,358 shares of the company were exchanged, compared to its average volume of 1,490,174. Grupo Supervielle has a 1-year low of $6.90 and a 1-year high of $19.75. The stock's 50 day moving average price is $9.80 and its 200 day moving average price is $12.26. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $708.68 million, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 10.16 and a beta of 1.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.08). The company had revenue of $210.52 million for the quarter, compared to analyst estimates of $283.67 billion. Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%. Sell-side analysts predict that Grupo Supervielle will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Grupo Supervielle

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sparta 24 Ltd. purchased a new position in Grupo Supervielle during the 2nd quarter worth $27,000. GAMMA Investing LLC grew its position in Grupo Supervielle by 10.2% during the 1st 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 last quarter. Cetera Investment Advisers purchased a new position in Grupo Supervielle during the 1st quarter worth $268,000. Itau Unibanco Holding S.A. purchased a new position in Grupo Supervielle during the 1st quarter worth $357,000. Finally, Y Intercept Hong Kong Ltd grew its position in Grupo Supervielle by 197.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company's stock worth $405,000 after purchasing an additional 25,340 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.

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