Short Interest in Banco Macro S.A. (NYSE:BMA) Grows By 81.6%

Banco Macro S.A. (NYSE:BMA) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 454,700 shares, a growth of 81.6% from the February 28th total of 250,400 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 329,400 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Banco Macro

Several hedge funds and other institutional investors have recently modified their holdings of BMA. TT International Asset Management LTD increased its holdings in shares of Banco Macro by 86.6% in the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock valued at $110,411,000 after purchasing an additional 529,610 shares during the period. William Blair Investment Management LLC grew its position in Banco Macro by 136.1% during the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank’s stock valued at $55,188,000 after purchasing an additional 328,800 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Banco Macro by 84.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 539,074 shares of the bank’s stock valued at $52,161,000 after buying an additional 247,070 shares during the period. Duquesne Family Office LLC lifted its position in Banco Macro by 14.5% in the 4th quarter. Duquesne Family Office LLC now owns 485,430 shares of the bank’s stock worth $46,970,000 after buying an additional 61,300 shares in the last quarter. Finally, PointState Capital LP boosted its stake in shares of Banco Macro by 25.1% during the 4th quarter. PointState Capital LP now owns 339,020 shares of the bank’s stock valued at $32,804,000 after buying an additional 68,096 shares during the period.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target for the company in a report on Monday, December 16th.

Banco Macro Stock Performance

Banco Macro stock opened at $78.50 on Monday. Banco Macro has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. The company has a market cap of $5.02 billion, a P/E ratio of 6.88 and a beta of 1.73. The firm’s 50 day simple moving average is $89.96 and its 200-day simple moving average is $86.30.

About Banco Macro

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.