Grupo Supervielle S.A. (NYSE:SUPV) Sees Large Growth in Short Interest

Grupo Supervielle S.A. (NYSE:SUPV) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,726,869 shares, an increase of 25.1% from the March 31st total of 2,180,188 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average daily trading volume, of 570,864 shares, the days-to-cover ratio is currently 4.8 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SUPV shares. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Zacks Research cut Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Wall Street Zen downgraded Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Finally, JPMorgan Chase & Co. lowered their price target on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.00.

Grupo Supervielle Stock Performance

Shares of SUPV traded down $0.34 during trading hours on Friday, reaching $7.89. 1,208,188 shares of the company’s stock traded hands, compared to its average volume of 635,875. Grupo Supervielle has a twelve month low of $4.54 and a twelve month high of $16.90. The business’s fifty day simple moving average is $9.16 and its two-hundred day simple moving average is $10.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $690.42 million, a price-to-earnings ratio of -21.90 and a beta of 1.55.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.99%. The company had revenue of $145.40 million during the quarter. Analysts predict that Grupo Supervielle will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds have recently made changes to their positions in the business. Mak Capital One LLC boosted its stake in shares of Grupo Supervielle by 36.7% during the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock worth $19,800,000 after acquiring an additional 1,074,732 shares in the last quarter. PointState Capital LP raised its holdings in Grupo Supervielle by 81.5% during the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after buying an additional 682,294 shares during the period. RWC Asset Management LLP lifted its stake in Grupo Supervielle by 58.3% during the fourth quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after buying an additional 434,285 shares in the last quarter. Sparta 24 Ltd. boosted its holdings in shares of Grupo Supervielle by 39,572.6% in the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock worth $4,963,000 after buying an additional 999,999 shares during the period. Finally, Millennium Management LLC increased its position in shares of Grupo Supervielle by 7.0% in the third quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock worth $4,337,000 after acquiring an additional 57,040 shares in the last quarter.

About Grupo Supervielle

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.