Macquarie Group Limited (OTCMKTS:MQBKY) Short Interest Down 36.2% in July

Macquarie Group Limited (OTCMKTS:MQBKY) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 8,742 shares, a decrease of 36.2% from the June 30th total of 13,700 shares. Based on an average trading volume of 22,903 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

MQBKY has been the topic of a number of recent research reports. UBS Group downgraded shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group reiterated a “sell” rating on shares of Macquarie Group in a research report on Tuesday, April 21st. Finally, Zacks Research downgraded Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Macquarie Group Stock Down 0.2%

Macquarie Group stock traded down $0.43 during mid-day trading on Friday, reaching $177.27. The company’s stock had a trading volume of 10,477 shares, compared to its average volume of 18,221. Macquarie Group has a 12 month low of $122.37 and a 12 month high of $181.55. The business’s 50 day simple moving average is $174.05 and its 200 day simple moving average is $160.35.

About Macquarie Group

Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.

The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.