Short Interest in Banco Macro S.A. (NYSE:BMA) Decreases By 35.8%

Banco Macro S.A. (NYSE:BMA) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 291,800 shares, a decrease of 35.8% from the March 15th total of 454,700 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 355,700 shares, the days-to-cover ratio is currently 0.8 days.

Banco Macro Trading Up 0.8 %

Shares of BMA stock opened at $90.90 on Friday. The firm has a 50 day moving average price of $82.46 and a two-hundred day moving average price of $87.00. The company has a market capitalization of $5.81 billion, a PE ratio of 7.97 and a beta of 1.53. Banco Macro has a 12-month low of $42.23 and a 12-month high of $118.42. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BMA. Tower Research Capital LLC TRC increased its holdings in shares of Banco Macro by 1,829.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank’s stock worth $58,000 after purchasing an additional 567 shares during the period. SBI Securities Co. Ltd. bought a new position in Banco Macro in the 4th quarter valued at approximately $63,000. GAMMA Investing LLC boosted its stake in shares of Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock valued at $76,000 after purchasing an additional 452 shares in the last quarter. Wallace Advisory Group LLC acquired a new stake in Banco Macro in the first quarter valued at $157,000. Finally, Blue Trust Inc. lifted its stake in shares of Banco Macro by 171.6% in the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock worth $188,000 after acquiring an additional 1,225 shares during the period.

Banco Macro Company Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.