Short Interest in Grupo Supervielle S.A. (NYSE:SUPV) Rises By 85.2%

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,740,000 shares, a growth of 85.2% from the March 31st total of 939,500 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,150,000 shares, the short-interest ratio is presently 1.5 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a report on Sunday, April 6th.

Hedge Funds Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Grupo Supervielle in the fourth quarter worth $63,000. GAMMA Investing LLC grew its position 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 worth $104,000 after buying an additional 737 shares during the period. Stratos Wealth Advisors LLC bought a new position in Grupo Supervielle during the 4th quarter worth approximately $151,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $235,000. Finally, XTX Topco Ltd acquired a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $258,000.

Grupo Supervielle Stock Performance

Shares of NYSE:SUPV traded up $0.04 during trading on Tuesday, reaching $15.60. 775,765 shares of the company's stock traded hands, compared to its average volume of 1,220,446. Grupo Supervielle has a 12 month low of $5.00 and a 12 month high of $19.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50 day moving average of $13.67 and a 200-day moving average of $13.40. The stock has a market capitalization of $1.38 billion, a P/E ratio of 21.67 and a beta of 1.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.