Banco BBVA Argentina S.A. (NYSE:BBAR) Sees Significant Drop in Short Interest

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,860,000 shares, a decrease of 13.1% from the November 15th total of 2,140,000 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 723,800 shares, the short-interest ratio is currently 2.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Banco BBVA Argentina Stock Performance

NYSE BBAR opened at $17.22 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average is $14.77 and its two-hundred day moving average is $11.61. Banco BBVA Argentina has a 12 month low of $4.63 and a 12 month high of $18.24.

Hedge Funds Weigh In On Banco BBVA Argentina

Several large investors have recently made changes to their positions in BBAR. XTX Topco Ltd acquired a new stake in Banco BBVA Argentina in the 3rd quarter valued at approximately $136,000. Truist Financial Corp purchased a new position in shares of Banco BBVA Argentina during the second quarter worth $167,000. GSA Capital Partners LLP purchased a new position in shares of Banco BBVA Argentina during the third quarter worth $237,000. SG Americas Securities LLC acquired a new stake in shares of Banco BBVA Argentina in the third quarter valued at $246,000. Finally, Channing Global Advisors LLC purchased a new stake in shares of Banco BBVA Argentina in the 3rd quarter valued at $247,000.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.