Banco Macro S.A. (NYSE:BMA) Short Interest Down 40.4% in February

Banco Macro S.A. (NYSE:BMA) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 183,200 shares, a decrease of 40.4% from the January 31st total of 307,500 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 349,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Banco Macro

A number of large investors have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC acquired a new stake in Banco Macro in the 4th quarter valued at about $920,000. Vident Advisory LLC acquired a new stake in Banco Macro in the 4th quarter valued at about $258,000. PointState Capital LP grew its stake in Banco Macro by 25.1% in the 4th quarter. PointState Capital LP now owns 339,020 shares of the bank’s stock valued at $32,804,000 after acquiring an additional 68,096 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Banco Macro by 84.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 539,074 shares of the bank’s stock valued at $52,161,000 after acquiring an additional 247,070 shares during the last quarter. Finally, Duquesne Family Office LLC grew its stake in Banco Macro by 14.5% in the 4th quarter. Duquesne Family Office LLC now owns 485,430 shares of the bank’s stock valued at $46,970,000 after acquiring an additional 61,300 shares during the last quarter.

Analysts Set New Price Targets

Separately, Morgan Stanley raised shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target on the stock in a research note on Monday, December 16th.

Banco Macro Price Performance

Shares of NYSE:BMA traded down $0.49 on Tuesday, reaching $81.95. 202,321 shares of the company were exchanged, compared to its average volume of 370,188. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 7.18 and a beta of 1.67. Banco Macro has a 1-year low of $38.12 and a 1-year high of $118.42. The company has a 50-day moving average of $99.40 and a 200-day moving average of $83.08. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

About Banco Macro

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.