Short-term stake in Grupo Supervielle SA (NYSE:SUPV) increases by 30.9%

Grupo Supervielle SA (NYSE:SUPV – Get Rating) saw significant growth in short-term interest in August. As of August 31, there were short interests totaling 617,100 shares, up 30.9% from the total of 471,300 shares as of August 15. Based on an average daily trading volume of 339,500 shares, the short-term interest rate ratio is currently 1.8 days.

Analyst upgrades and downgrades

Separately, TheStreet upgraded Grupo Supervielle from a “c-” to a “d+” rating in a Wednesday, June 22 research report.

Institutional entries and exits

Several large investors have recently bought and sold shares of SUPV. Mirabella Financial Services LLP acquired a new equity stake in Grupo Supervielle in the fourth quarter valued at approximately $176,000. Long Focus Capital Management LLC acquired a new stake in shares of Grupo Supervielle in the fourth quarter worth approximately $2,815,000. Verition Fund Management LLC acquired a new equity stake in Grupo Supervielle in the first quarter valued at approximately $404,000. Renaissance Technologies LLC acquired a new stake in shares of Grupo Supervielle in the first quarter valued at approximately $338,000. Finally, Envestnet Asset Management Inc. increased its position in Grupo Supervielle shares by 21.5% in the first quarter. Envestnet Asset Management Inc. now owns 32,474 shares of the company valued at $66,000 after purchasing an additional 5,749 shares in the last quarter. 2.65% of the shares are held by institutional investors and hedge funds.

Grupo Supervielle stock market performance

NYSE SUPV was down $0.11 during Thursday trading hours, hitting $1.85. 256,027 shares of the company were traded, against an average volume of 323,954. The company’s 50-day moving average is $1.69 and its 200-day moving average is $1.75. Grupo Supervielle has a 12-month low of $1.20 and a 12-month high of $2.54. The company has a debt ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

Grupo Supervielle (NYSE:SUPV – Get Rating) last released its quarterly results on Wednesday, August 17. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). Grupo Supervielle had a negative net margin of 2.09% and a negative return on equity of 5.01%. The company posted revenue of $196.29 million for the quarter, versus analyst estimates of $194.20 million. On average, sell-side analysts expect Grupo Supervielle to post -0.02 EPS for the current year.

Company Profile Grupo Supervielle

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Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The Company operates through the Retail and Commercial Banking, Corporate Banking, Treasury and Finance, Capital Markets and Structuring, and Support Areas segments. It offers savings accounts, term and demand deposits and checking accounts; various lending products, including personal, consumer, mortgage, unsecured and auto loans; discovered; loans with special facilities for project financing and working capital; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, guarantees and international letters of credit, salary payment plans, credit cards, debit cards and benefits payment services for the elderly , as well as financial services and investments, such as mutual funds and guarantees.

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