Macquarie Group Limited (OTCMKTS:MQBKY) Sees Large Increase in Short Interest

Macquarie Group Limited (OTCMKTS:MQBKY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 18,031 shares, an increase of 381.7% from the November 30th total of 3,743 shares. Based on an average daily trading volume, of 63,688 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 63,688 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Macquarie Group to a “strong sell” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Macquarie Group has a consensus rating of “Reduce”.

Macquarie Group Trading Up 0.3%

Shares of OTCMKTS MQBKY opened at $138.45 on Thursday. Macquarie Group has a one year low of $98.20 and a one year high of $157.45. The firm’s 50 day simple moving average is $135.66 and its two-hundred day simple moving average is $141.25.

About Macquarie Group

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.