Macquarie Group Limited (OTCMKTS:MQBKY) Short Interest Update

Macquarie Group Limited (OTCMKTS:MQBKY) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,100 shares, a decrease of 67.2% from the July 30th total of 6,396 shares. Based on an average daily trading volume, of 16,564 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Macquarie Group currently has an average rating of “Reduce”.

Macquarie Group Stock Performance

OTCMKTS MQBKY traded down $0.27 during trading hours on Friday, hitting $180.78. 2,523 shares of the company’s stock traded hands, compared to its average volume of 17,152. The business’s fifty day moving average price is $178.87 and its two-hundred day moving average price is $165.50. Macquarie Group has a 52 week low of $122.37 and a 52 week high of $190.30.

Macquarie Group Company Profile

Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.

The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.