Macquarie Group Limited (OTCMKTS:MQBKY) Sees Significant Decrease in Short Interest

Macquarie Group Limited (OTCMKTS:MQBKY) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 8,742 shares, a decline of 36.2% from the June 30th total of 13,700 shares. Based on an average daily volume of 22,903 shares, the short-interest ratio is currently 0.4 days.

Macquarie Group Trading Down 0.7%

Macquarie Group stock traded down $1.23 during mid-day trading on Friday, hitting $176.47. The stock had a trading volume of 3,800 shares, compared to its average volume of 18,167. The firm’s 50 day moving average is $173.92 and its 200 day moving average is $160.23. Macquarie Group has a one year low of $122.37 and a one year high of $181.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MQBKY shares. Zacks Research downgraded shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group reissued a “sell” rating on shares of Macquarie Group in a report on Tuesday, April 21st. Finally, UBS Group lowered Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Macquarie Group has an average rating of “Reduce”.

Macquarie Group Company Profile

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.