Grupo Supervielle S.A. (NYSE:SUPV – Get Rating) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 464,000 shares, a growth of 15.2% from the July 15th total of 402,800 shares. Based on an average daily volume of 362,300 shares, the days-to-cover ratio is currently 1.3 days.
Wall Street Analyst Weigh In
Separately, TheStreet lowered shares of Grupo Supervielle from a "c-" rating to a "d+" rating in a report on Wednesday, June 22nd.
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Institutional Trading of Grupo Supervielle
Institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Grupo Supervielle by 46.1% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,163 shares of the company's stock valued at $49,000 after purchasing an additional 7,942 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Grupo Supervielle by 27.2% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 31,045 shares of the company's stock valued at $63,000 after purchasing an additional 6,632 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Grupo Supervielle by 21.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 32,474 shares of the company's stock valued at $66,000 after purchasing an additional 5,749 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in Grupo Supervielle during the 4th quarter valued at about $176,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Grupo Supervielle by 42.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 158,920 shares of the company's stock valued at $310,000 after purchasing an additional 47,654 shares during the last quarter. 3.04% of the stock is owned by hedge funds and other institutional investors.
Grupo Supervielle Price Performance
Shares of Grupo Supervielle stock remained flat at $1.83 during trading on Monday. 124 shares of the company traded hands, compared to its average volume of 326,958. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.56 and a quick ratio of 0.56. The business's 50 day moving average price is $1.51 and its two-hundred day moving average price is $1.75. Grupo Supervielle has a 52 week low of $1.20 and a 52 week high of $2.89.
Grupo Supervielle (NYSE:SUPV – Get Rating) last issued its quarterly earnings results on Tuesday, May 17th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). The business had revenue of $160.04 million during the quarter, compared to the consensus estimate of $171.62 million. Grupo Supervielle had a negative return on equity of 2.70% and a negative net margin of 1.19%. As a group, sell-side analysts anticipate that Grupo Supervielle will post -0.02 earnings per share for the current fiscal year.
About Grupo Supervielle
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Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal and Business Banking, Corporate Banking, Treasury and Finance, Capital Markets and Structuring, and Support Areas segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit cards, debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.
Further Reading
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