Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Up 9.2% in November

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,140,000 shares, an increase of 9.2% from the October 31st total of 1,960,000 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 771,900 shares, the days-to-cover ratio is currently 2.8 days.

Analysts Set New Price Targets

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

Banco BBVA Argentina Stock Performance

Shares of BBAR traded down $0.81 during mid-day trading on Wednesday, hitting $16.43. The stock had a trading volume of 511,624 shares, compared to its average volume of 871,869. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90. Banco BBVA Argentina has a 52 week low of $4.63 and a 52 week high of $18.24. The firm has a market cap of $3.36 billion, a P/E ratio of 8.97 and a beta of 1.49. The business has a fifty day moving average price of $13.77 and a 200-day moving average price of $11.24.

Institutional Investors Weigh In On Banco BBVA Argentina

Several institutional investors have recently bought and sold shares of BBAR. Ping Capital Management Inc. bought a new position in shares of Banco BBVA Argentina in the 2nd quarter worth approximately $11,293,000. Fourth Sail Capital LP increased its position in Banco BBVA Argentina by 74.6% during the 2nd quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after buying an additional 1,009,103 shares in the last quarter. Truist Financial Corp bought a new position in Banco BBVA Argentina during the 2nd quarter valued at approximately $167,000. SG Americas Securities LLC bought a new position in Banco BBVA Argentina during the 3rd quarter valued at approximately $246,000. Finally, Deltec Asset Management LLC bought a new position in Banco BBVA Argentina during the 3rd quarter valued at approximately $334,000.

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.