Grupo Financiero Galicia Short Interest Ratio and Short Volume

+0.17 (+2.36 %)
(As of 04/16/2021 04:00 PM ET)
Today's Range
Now: $7.37
50-Day Range
MA: $7.61
52-Week Range
Now: $7.37
Volume777,064 shs
Average Volume638,026 shs
Market Capitalization$1.05 billion
P/E Ratio2.35
Dividend Yield0.54%

Short Interest

Grupo Financiero Galicia (NASDAQ:GGAL) Short Interest Data

Current Short Volume1,410,000 shares
Previous Short Volume1,620,000 shares
Change Vs. Previous Month:-12.96%
Dollar Volume Sold Short$10.32 million
Short Interest Ratio / Days to Cover2.2
Last Record DateMarch, 31 2021
Outstanding Shares114,550,000 shares
Percentage of Shares Shorted0.99%
Today's Trading Volume777,064 shares
Average Trading Volume638,026 shares
Today's Volume Vs. Average21.79%

Short Interest Over Time

Grupo Financiero Galicia (NASDAQ:GGAL) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20211,410,000 shares $10.32 million -13.0%N/A2.2 $7.32
3/15/20211,620,000 shares $12.39 million +26.6%1.6%2.3 $7.65
2/26/20211,280,000 shares $9.92 million -23.8%1.2%1.9 $7.75
2/12/20211,680,000 shares $12.52 million -6.2%1.5%2.6 $7.45
1/29/20211,790,000 shares $14.55 million +7.2%1.6%2.6 $8.13
1/15/20211,670,000 shares $12.94 million +18.4%1.5%2.3 $7.75
12/31/20201,570,000 shares $12.47 million -19.5%1.4%1.8 $7.94
12/15/20201,570,000 shares $12.86 million -19.5%1.4%1.8 $8.19
11/30/20201,950,000 shares $17.02 million +12.7%1.7%1.8 $8.73
11/15/20201,730,000 shares $14.90 million +0.6%1.5%1.5 $8.61
10/30/20201,720,000 shares $14.21 million -14.4%1.5%1.5 $8.26
10/15/20202,010,000 shares $12.78 million +11.7%1.8%1.6 $6.36
9/30/20201,800,000 shares $12.22 million +0.6%1.6%1.3 $6.79
9/15/20201,790,000 shares $13.25 million +7.2%1.6%1.2 $7.40
8/31/20201,670,000 shares $16.98 million -9.7%1.5%1.2 $10.17
8/14/20201,850,000 shares $19.24 million +30.3%1.6%1 $10.40
7/31/20201,420,000 shares $15.44 million -10.1%1.2%0.7 $10.87
7/15/20201,580,000 shares $18.96 million +11.3%1.4%0.8 $12.00
6/30/20201,420,000 shares $17.71 million +6.8%1.2%0.7 $12.47
6/15/20201,330,000 shares $12.99 million -38.4%1.2%0.7 $9.77
5/29/20202,160,000 shares $21.69 million +13.1%1.9%1.2 $10.04
5/15/20201,910,000 shares $15.30 million +10.4%1.7%1.4 $8.01
4/30/20201,730,000 shares $16.71 million +83.5%1.5%1.4 $9.66
4/15/2020943,000 shares $8.31 million -24.6%0.8%0.9 $8.81
3/31/20201,250,000 shares $7.63 million -30.2%1.1%1.1 $6.10

Grupo Financiero Galicia (NASDAQ:GGAL) Short Interest FAQ

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What is Grupo Financiero Galicia's current short interest?

Short interest is the volume of Grupo Financiero Galicia shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 1,410,000 shares of GGAL short.

What is a good short interest ratio for Grupo Financiero Galicia?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Grupo Financiero Galicia currently has a short interest ratio of 2.0.

Is Grupo Financiero Galicia's short interest increasing or decreasing?

Grupo Financiero Galicia saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 1,410,000 shares, a decrease of 13.0% from the previous total of 1,620,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

How does Grupo Financiero Galicia's short interest compare to its competitors?

0.00% of Grupo Financiero Galicia's shares are currently sold short. Here is how the short interest of companies in the industry of "commercial banks, not elsewhere classified" compare to Grupo Financiero Galicia: Intercorp Financial Services Inc. (0.18%), The Bank of N.T. Butterfield & Son Limited (0.43%), Itaú Corpbanca (0.00%), Banco Macro S.A. (0.00%), Peapack-Gladstone Financial Co. (0.82%), Banco Latinoamericano de Comercio Exterior, S.A (0.00%), Banco BBVA Argentina S.A. (0.00%), American Business Bank (0.00%), Esquire Financial Holdings, Inc. (1.41%), and Grupo Supervielle S.A. (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Grupo Financiero Galicia stock?

Short selling GGAL is an investing strategy that aims to generate trading profit from Grupo Financiero Galicia as its price is falling. Grupo Financiero Galicia's stock is trading up $0.17 today. To short Grupo Financiero Galicia stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that Grupo Financiero Galicia will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Grupo Financiero Galicia?

A short squeeze for Grupo Financiero Galicia occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of GGAL, which in turn drives the price of the stock up even further.

How often is Grupo Financiero Galicia's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GGAL, twice per month. The most recent reporting period available is March, 31 2021.

This page was last updated on 4/18/2021 by Staff
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