Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Short Interest Update
Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Free Report) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 2,550,000 shares, a growth of 37.1% from the November 15th total of 1,860,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.1% of the shares of the company are short sold.
Analysts Set New Price Targets
Several brokerages recently issued reports on GGAL. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Monday, August 28th. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Monday, November 13th.
Check Out Our Latest Analysis on Grupo Financiero Galicia
Grupo Financiero Galicia Trading Down 5.1 %
NASDAQ:GGAL traded down $0.88 during trading hours on Friday, hitting $16.45. 1,407,964 shares of the stock traded hands, compared to its average volume of 858,535. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83. Grupo Financiero Galicia has a 1 year low of $7.42 and a 1 year high of $18.64. The stock has a 50 day moving average price of $13.73 and a 200 day moving average price of $15.12.
Hedge Funds Weigh In On Grupo Financiero Galicia
Several large investors have recently added to or reduced their stakes in GGAL. Banque Pictet & Cie SA purchased a new position in shares of Grupo Financiero Galicia in the third quarter worth $4,706,000. Townsquare Capital LLC purchased a new position in shares of Grupo Financiero Galicia in the third quarter worth $339,000. Turim 21 Investimentos Ltda. lifted its holdings in shares of Grupo Financiero Galicia by 42.9% in the third quarter. Turim 21 Investimentos Ltda. now owns 10,991 shares of the bank’s stock worth $143,000 after buying an additional 3,302 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Grupo Financiero Galicia in the third quarter worth $867,000. Finally, Stifel Financial Corp purchased a new position in shares of Grupo Financiero Galicia in the third quarter worth $379,000.
About Grupo Financiero Galicia (Get Free Report)
Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.
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Original: MarketBeat News Feed: Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Short Interest Update