Short Interest in Grupo Supervielle S.A. (NYSE:SUPV) Rises By 57.6%

Key Points

• Short interest in Grupo Supervielle S.A. rose by 57.6% in September, totaling 3,420,000 shares, indicating increased bearish sentiment among investors.
• Analysts have downgraded the stock's rating, with Citigroup shifting from a "buy" to a "neutral" rating, while the average consensus rating remains at "Hold" with a price target of $17.00.
• The company's recent earnings report showed an EPS of $0.14, missing the estimated $0.22, alongside revenue of $210.52 million, compared to the expected $283.67 million.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,420,000 shares, a growth of 57.6% from the August 31st total of 2,170,000 shares. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is presently 2.2 days. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SUPV shares. Citigroup downgraded shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Supervielle in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $17.00.

Institutional Investors Weigh In On Grupo Supervielle

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of Grupo Supervielle by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock valued at $104,000 after acquiring an additional 737 shares in the last quarter. Freedom Investment Management Inc. lifted its position 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 valued at $580,000 after purchasing an additional 1,862 shares in the last quarter. Sparta 24 Ltd. bought a new stake in Grupo Supervielle in the second quarter worth about $27,000. Titan Global Capital Management USA LLC increased its stake in shares of Grupo Supervielle by 5.3% in 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 in the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of Grupo Supervielle by 11.1% in the first quarter. Insigneo Advisory Services LLC now owns 36,209 shares of the company's stock worth $473,000 after buying an additional 3,604 shares in the last quarter.

Grupo Supervielle Stock Performance

Shares of Grupo Supervielle stock traded up $0.15 during trading on Monday, reaching $5.10. The company's stock had a trading volume of 1,594,616 shares, compared to its average volume of 1,388,874. The business's fifty day moving average price is $7.93 and its 200-day moving average price is $11.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. Grupo Supervielle has a one year low of $4.54 and a one year high of $19.75. The firm has a market cap of $451.06 million, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 10.02 and a beta of 1.56.

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

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.

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