Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 166 shares, a decrease of 96.5% from the September 15th total of 4,777 shares. Based on an average daily volume of 39,014 shares, the days-to-cover ratio is currently 0.0 days.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.
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Macquarie Group Trading Up 1.7%
Macquarie Group Company Profile
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.
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