Short Interest in Grupo Supervielle S.A. (NYSE:SUPV) Grows By 25.1%

Grupo Supervielle S.A. (NYSE:SUPV) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 570,864 shares, the short-interest ratio is currently 4.8 days. Approximately 3.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Grupo Supervielle

A number of large investors have recently bought and sold shares of SUPV. Mak Capital One LLC raised its position in 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 buying an additional 1,074,732 shares during the last quarter. Sparta 24 Ltd. raised its position in Grupo Supervielle by 39,572.6% during the 3rd 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 last quarter. PointState Capital LP raised its position 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 last quarter. Jump Financial LLC raised its position in Grupo Supervielle by 339.2% during the 3rd quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock worth $2,873,000 after buying an additional 448,330 shares during the last quarter. Finally, RWC Asset Management LLP raised its position in Grupo Supervielle by 58.3% during the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock worth $13,935,000 after buying an additional 434,285 shares during the last quarter.

Grupo Supervielle Stock Performance

NYSE:SUPV traded down $0.34 during trading hours on Friday, reaching $7.89. 1,208,188 shares of the company’s stock were exchanged, compared to its average volume of 635,875. The firm has a market capitalization of $690.42 million, a price-to-earnings ratio of -21.90 and a beta of 1.55. The company has a 50-day moving average of $9.16 and a 200 day moving average of $10.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Grupo Supervielle has a 1-year low of $4.54 and a 1-year high of $16.90.

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

Wall Street Analyst Weigh In

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

Grupo Supervielle Company Profile

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.