Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 3,820,000 shares, a growth of 26.9% from the March 31st total of 3,010,000 shares. Based on an average trading volume of 1,030,000 shares, the short-interest ratio is presently 3.7 days. Currently, 3.2% of the shares of the stock are short sold.
Analysts Set New Price Targets
Separately, StockNews.com raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th.
Check Out Our Latest Stock Report on GGAL
Grupo Financiero Galicia Price Performance
Hedge Funds Weigh In On Grupo Financiero Galicia
A number of institutional investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Grupo Financiero Galicia in the 3rd quarter worth about $42,000. FNY Investment Advisers LLC acquired a new position in Grupo Financiero Galicia in the 4th quarter worth about $86,000. Wrapmanager Inc. acquired a new position in Grupo Financiero Galicia in the 3rd quarter worth about $137,000. Turim 21 Investimentos Ltda. increased its holdings in Grupo Financiero Galicia by 42.9% in the 3rd quarter. Turim 21 Investimentos Ltda. now owns 10,991 shares of the bank’s stock worth $143,000 after purchasing an additional 3,302 shares in the last quarter. Finally, JGP Global Gestao de Recursos Ltda. acquired a new position in Grupo Financiero Galicia in the 3rd quarter worth about $159,000.
About Grupo Financiero Galicia
Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.
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