Grupo Supervielle S.A. (NYSE:SUPV) Short Interest Up 25.1% in April

Key Points

• Short interest rose 25.1% in April to 2,726,869 shares (about 3.1% of shares sold short) with a days-to-cover ratio of 4.8.
• Multiple analysts have downgraded SUPV—JPMorgan cut its target to $11 and firms including Zacks, Weiss and Wall Street Zen moved to sell/strong sell—leaving a MarketBeat consensus rating of "Hold" with a $13 price target.
• Shares traded at $7.89 mid-day and the company reported a negative EPS last quarter with negative ROE and net margin; market cap is roughly $690 million and the one-year range is $4.54–$16.90.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 2,726,869 shares, a growth of 25.1% from the March 31st total of 2,180,188 shares. Based on an average daily trading volume, of 570,864 shares, the days-to-cover ratio is currently 4.8 days. Approximately 3.1% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research firms have recently weighed in on SUPV. JPMorgan Chase & Co. dropped their target price on Grupo Supervielle from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, February 19th. Zacks Research downgraded Grupo Supervielle from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 24th. Weiss Ratings reissued a "sell (d)" rating on shares of Grupo Supervielle in a report on Friday, April 17th. Finally, Wall Street Zen downgraded Grupo Supervielle from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.00.

Grupo Supervielle Price Performance

Shares of NYSE SUPV traded down $0.34 during mid-day trading on Friday, reaching $7.89. The company had a trading volume of 1,208,188 shares, compared to its average volume of 635,875. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. Grupo Supervielle has a one year low of $4.54 and a one year high of $16.90. The firm has a market cap of $690.42 million, a price-to-earnings ratio of -21.90 and a beta of 1.55. The business's 50-day simple moving average is $9.16 and its 200 day simple moving average is $10.23.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last issued its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. Grupo Supervielle had a negative return on equity of 3.99% and a negative net margin of 2.18%.The company had revenue of $145.40 million during the quarter. On average, research analysts predict that Grupo Supervielle will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SUPV. Wells Fargo & Company MN bought a new position in shares of Grupo Supervielle in the fourth quarter worth $55,000. LJI Wealth Management LLC bought a new position in shares of Grupo Supervielle in the third quarter worth $57,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Grupo Supervielle in the third quarter worth $91,000. Centiva Capital LP bought a new position in Grupo Supervielle in the third quarter valued at about $101,000. Finally, Van ECK Associates Corp grew its position in Grupo Supervielle by 101.5% in the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company's stock valued at $110,000 after acquiring an additional 4,666 shares during the last quarter.

About Grupo Supervielle

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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