Macquarie Group Limited (OTCMKTS:MQBKY) Short Interest Update

Macquarie Group Limited (OTCMKTS:MQBKY) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 2,100 shares, a drop of 67.2% from the July 30th total of 6,396 shares. Based on an average daily volume of 16,564 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research cut Macquarie Group from a “strong-buy” rating to a “hold” rating in a research note 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Macquarie Group Trading Down 0.6%

Shares of Macquarie Group stock traded down $1.03 on Friday, reaching $180.01. 7,930 shares of the stock were exchanged, compared to its average volume of 17,195. Macquarie Group has a 1-year low of $122.37 and a 1-year high of $190.30. The business has a fifty day moving average price of $178.94 and a two-hundred day moving average price of $165.60.

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.