Macquarie Group Limited (OTCMKTS:MQBKY) Shares Shorted: Short Interest Up 109.1% in September

Macquarie Group Limited (OTCMKTS:MQBKY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,777 shares, a growth of 109.1% from the August 31st total of 2,285 shares. Based on an average trading volume of 22,561 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Macquarie Group Price Performance

OTCMKTS MQBKY traded up $0.37 during mid-day trading on Tuesday, reaching $171.77. 12,813 shares of the stock were exchanged, compared to its average volume of 17,008. Macquarie Group has a one year low of $122.37 and a one year high of $190.30. The stock has a 50 day simple moving average of $178.53 and a 200-day simple moving average of $169.51.

About Macquarie Group

Macquarie Group Limited is a diversified financial services company headquartered in Sydney, Australia. Founded in 1969, the group serves institutional, corporate, government and retail clients through operations spanning investment management, banking, financial markets and advisory services.

Macquarie’s principal businesses include Macquarie Asset Management, which provides investment management and fund solutions; Banking and Financial Services, which offers deposits, lending, financial advice and related services; Commodities and Global Markets, which provides financing, trading and risk-management solutions across commodities and financial markets; and Macquarie Capital, which delivers corporate finance, equity and debt advisory, and investment services.

The company operates internationally across the Americas, Europe, Asia-Pacific, the Middle East and Africa.