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

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

Banco BBVA Argentina Trading Down 0.1 %

Shares of NYSE:BBAR traded down $0.02 during trading on Tuesday, hitting $19.20. 655,013 shares of the company’s stock were exchanged, compared to its average volume of 869,731. The firm has a 50-day moving average price of $14.94 and a two-hundred day moving average price of $11.67. Banco BBVA Argentina has a 1-year low of $4.63 and a 1-year high of $19.98. The firm has a market cap of $3.92 billion, a P/E ratio of 10.01 and a beta of 1.49. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BBAR. Ping Capital Management Inc. bought a new position in Banco BBVA Argentina in the second quarter valued at approximately $11,293,000. Fourth Sail Capital LP lifted its stake 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 valued at $21,843,000 after buying an additional 1,009,103 shares in the last quarter. PointState Capital LP lifted its stake in Banco BBVA Argentina by 14.2% in the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock valued at $17,265,000 after buying an additional 206,399 shares in the last quarter. Sagil Capital LLP bought a new position in Banco BBVA Argentina in the third quarter valued at approximately $2,131,000. Finally, Mirabella Financial Services LLP bought a new stake in shares of Banco BBVA Argentina in the third quarter worth $1,155,000.

Wall Street Analyst Weigh In

BBAR has been the subject of several research reports. StockNews.com upgraded shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a research report on Monday.

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.