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

Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 4,646 shares, an increase of 2,698.8% from the September 30th total of 166 shares. Based on an average daily volume of 26,632 shares, the days-to-cover ratio is presently 0.2 days.

Macquarie Group Stock Up 0.7%

Shares of OTCMKTS:MQBKY traded up $1.18 during mid-day trading on Monday, hitting $173.83. 23,825 shares of the company traded hands, compared to its average volume of 16,784. Macquarie Group has a 12-month low of $122.37 and a 12-month high of $190.30. The stock has a 50-day moving average price of $175.03 and a two-hundred day moving average price of $164.95.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Macquarie Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Macquarie Group presently has a consensus rating of “Reduce”.

Get Our Latest Stock Analysis on MQBKY

Macquarie Group Company Profile

(Get Free Report)

Macquarie Group Limited is a diversified financial services company headquartered in Sydney, Australia. Founded in 1969, the group provides investment, advisory, banking and asset management services to corporations, institutions, governments and individual clients worldwide.

Macquarie operates through four principal business areas: Macquarie Asset Management, which manages investments across public and private markets; Banking and Financial Services, which provides deposits, lending, wealth management and financial advice; Commodities and Global Markets, which offers trading, financing, risk management and market access across commodities and financial markets; and Macquarie Capital, which provides corporate advisory, equity and debt solutions, and investment services.

The company invests in and advises on infrastructure, renewable energy, real estate, technology and other sectors through its global operations.

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