Short Interest in Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Drops By 42.3%

Key Points

• Short interest in Grupo Aval Acciones y Valores S.A. decreased by 42.3% from July 31st to August 15th, totaling 137,600 shares.
• The company's stock is currently priced at $3.27, reflecting a 0.9% decline and has experienced a 12-month high of $3.43 and a low of $1.94.
• Grupo Aval recently announced a monthly dividend of $0.0115 per share, resulting in a 4.2% dividend yield, with a payout ratio of 32.26%.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) was the target of a significant decline in short interest in August. As of August 15th, there was short interest totaling 137,600 shares, a decline of 42.3% from the July 31st total of 238,500 shares. Based on an average daily trading volume, of 105,100 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 105,100 shares, the days-to-cover ratio is currently 1.3 days.

Grupo Aval Acciones y Valores Trading Up 0.1%

AVAL traded up $0.01 during mid-day trading on Thursday, hitting $3.39. 35,348 shares of the stock were exchanged, compared to its average volume of 39,256. The firm's fifty day moving average is $3.08 and its two-hundred day moving average is $2.88. Grupo Aval Acciones y Valores has a 1-year low of $1.94 and a 1-year high of $3.44. The company has a market cap of $4.02 billion, a PE ratio of 10.90 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72.

Grupo Aval Acciones y Valores Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 9th. Investors of record on Friday, February 27th will be paid a dividend of $0.0115 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, February 27th. Grupo Aval Acciones y Valores's dividend payout ratio is presently 35.48%.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

Hedge funds have recently added to or reduced their stakes in the business. Sage Advisors LLC purchased a new stake in shares of Grupo Aval Acciones y Valores during the first quarter worth $30,000. Dauntless Investment Group LLC purchased a new position in Grupo Aval Acciones y Valores in the first quarter valued at $161,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Grupo Aval Acciones y Valores during the 1st quarter worth $34,000. Banco BTG Pactual S.A. grew its stake in Grupo Aval Acciones y Valores by 172.8% during the 1st quarter. Banco BTG Pactual S.A. now owns 93,160 shares of the bank's stock worth $254,000 after purchasing an additional 59,006 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Grupo Aval Acciones y Valores by 73.6% during the 2nd quarter. Marshall Wace LLP now owns 60,733 shares of the bank's stock worth $171,000 after purchasing an additional 25,753 shares during the period. 0.21% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aval Acciones y Valores

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.