Banco BBVA Argentina S.A. (NYSE:BBAR – Get Free Report) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,140,000 shares, a growth of 9.2% from the October 31st total of 1,960,000 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 771,900 shares, the days-to-cover ratio is presently 2.8 days.
Hedge Funds Weigh In On Banco BBVA Argentina
Hedge funds have recently made changes to their positions in the stock. Fourth Sail Capital LP increased its holdings in Banco BBVA Argentina by 74.6% in the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after purchasing an additional 1,009,103 shares in the last quarter. PointState Capital LP boosted its stake in Banco BBVA Argentina by 14.2% during the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after acquiring an additional 206,399 shares in the last quarter. Ping Capital Management Inc. acquired a new stake in Banco BBVA Argentina in the second quarter worth $11,293,000. Sagil Capital LLP bought a new stake in Banco BBVA Argentina in the third quarter valued at $2,131,000. Finally, Mirabella Financial Services LLP acquired a new position in shares of Banco BBVA Argentina during the third quarter valued at about $1,155,000.
Banco BBVA Argentina Price Performance
BBAR traded down $0.67 on Wednesday, reaching $16.57. The stock had a trading volume of 491,433 shares, compared to its average volume of 871,651. Banco BBVA Argentina has a fifty-two week low of $4.63 and a fifty-two week high of $18.24. The firm has a 50-day moving average of $13.77 and a 200-day moving average of $11.24. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 8.97 and a beta of 1.49.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Banco BBVA Argentina
About Banco BBVA Argentina
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.
Featured Articles
- Five stocks we like better than Banco BBVA Argentina
- 3 Monster Growth Stocks to Buy Now
- Tesla Poised to Hit Record Highs This Holiday Season
- Stock Market Upgrades: What Are They?
- The Salesforce Rally is Just Getting Started: Here’s Why
- 3 Best Fintech Stocks for a Portfolio Boost
- 3 Chip and Data Center Stocks That Can Keep Rising in 2025
Receive News & Ratings for Banco BBVA Argentina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco BBVA Argentina and related companies with MarketBeat.com's FREE daily email newsletter.