Macquarie Group Limited (OTCMKTS:MQBKY) Short Interest Up 381.7% in December

Macquarie Group Limited (OTCMKTS:MQBKY) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 18,031 shares, a growth of 381.7% from the November 30th total of 3,743 shares. Based on an average daily trading volume, of 63,688 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 63,688 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Macquarie Group to a “strong sell” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Macquarie Group Stock Performance

Macquarie Group stock traded up $0.34 during midday trading on Friday, hitting $138.79. 17,962 shares of the company were exchanged, compared to its average volume of 19,881. Macquarie Group has a fifty-two week low of $98.20 and a fifty-two week high of $157.45. The company’s fifty day moving average price is $135.47 and its 200-day moving average price is $141.23.

About Macquarie Group

Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.

The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.