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

Banco Macro S.A. (NYSE:BMA) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 183,200 shares, a drop of 40.4% from the January 31st total of 307,500 shares. Based on an average trading volume of 349,900 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Banco Macro Trading Down 0.6 %

BMA traded down $0.49 during midday trading on Tuesday, hitting $81.95. The company’s stock had a trading volume of 202,321 shares, compared to its average volume of 370,188. The firm has a market cap of $5.24 billion, a P/E ratio of 7.18 and a beta of 1.67. Banco Macro has a 52-week low of $38.12 and a 52-week high of $118.42. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $99.40 and a two-hundred day moving average price of $83.08.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target for the company in a report on Monday, December 16th.

Institutional Investors Weigh In On Banco Macro

A number of institutional investors have recently bought and sold shares of BMA. Tower Research Capital LLC TRC boosted its holdings in shares of Banco Macro by 1,829.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank’s stock valued at $58,000 after purchasing an additional 567 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Banco Macro in the fourth quarter valued at $63,000. Blue Trust Inc. grew its position in Banco Macro by 118.3% during the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock valued at $45,000 after acquiring an additional 387 shares during the period. GAMMA Investing LLC increased its stake in Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after acquiring an additional 452 shares during the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in shares of Banco Macro in the 4th quarter worth about $199,000.

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.