Short Interest in Macquarie Group Limited (OTCMKTS:MQBKY) Decreases By 67.2%

Macquarie Group Limited (OTCMKTS:MQBKY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 2,100 shares, a decline of 67.2% from the July 30th total of 6,396 shares. Based on an average daily volume of 16,564 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Macquarie Group presently has a consensus rating of “Reduce”.

Macquarie Group Stock Performance

Shares of Macquarie Group stock opened at $180.74 on Thursday. Macquarie Group has a twelve month low of $122.37 and a twelve month high of $190.30. The business has a 50-day moving average price of $178.77 and a 200 day moving average price of $165.26.

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.