Short Interest in Grupo Financiero Galicia S.A. (GGAL) Declines By 35.9%
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 975,472 shares, a drop of 35.9% from the January 12th total of 1,521,781 shares. Based on an average daily volume of 378,037 shares, the days-to-cover ratio is currently 2.6 days.
Grupo Financiero Galicia (GGAL) opened at $58.95 on Monday. Grupo Financiero Galicia has a 12 month low of $31.13 and a 12 month high of $73.45. The firm has a market capitalization of $7,665.09, a PE ratio of 18.83 and a beta of 1.19.
Grupo Financiero Galicia (NASDAQ:GGAL) last released its earnings results on Wednesday, November 29th. The bank reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.08. The business had revenue of $654.76 million for the quarter. sell-side analysts predict that Grupo Financiero Galicia will post 3.47 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new stake in shares of Grupo Financiero Galicia in the 3rd quarter valued at approximately $107,000. Advisor Group Inc. lifted its stake in shares of Grupo Financiero Galicia by 126.5% during the second quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock valued at $128,000 after acquiring an additional 1,674 shares during the period. GRATRY & Co LLC acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at $210,000. Virtu Financial LLC acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at $291,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at $458,000. 32.13% of the stock is owned by institutional investors and hedge funds.
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Grupo Financiero Galicia Company Profile
Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).
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