Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 166 shares, a decrease of 96.5% from the September 15th total of 4,777 shares. Based on an average daily trading volume, of 39,014 shares, the days-to-cover ratio is presently 0.0 days.
Macquarie Group Stock Performance
Shares of MQBKY stock traded up $2.95 during trading on Friday, hitting $174.49. The company’s stock had a trading volume of 12,167 shares, compared to its average volume of 16,944. The business has a fifty day moving average of $177.38 and a 200-day moving average of $171.44. Macquarie Group has a 52 week low of $122.37 and a 52 week high of $190.30.
Analysts Set New Price Targets
Separately, Zacks Research lowered shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a research note 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.
About Macquarie Group
Macquarie Group Limited is a diversified financial services company headquartered in Sydney, Australia. Founded in 1969, the group serves institutional, corporate, government and retail clients through operations spanning investment management, banking, financial markets and advisory services.
Macquarie’s principal businesses include Macquarie Asset Management, which provides investment management and fund solutions; Banking and Financial Services, which offers deposits, lending, financial advice and related services; Commodities and Global Markets, which provides financing, trading and risk-management solutions across commodities and financial markets; and Macquarie Capital, which delivers corporate finance, equity and debt advisory, and investment services.
The company operates internationally across the Americas, Europe, Asia-Pacific, the Middle East and Africa.
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