Nov
25
Grupo Financiero Galicia SA Short Interest Update
Filed Under EN
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) stated loss of 107,068 shares or 3.8% in the short interest. The short interest registered from 2,811,514 on October 30,2015 to 2,704,446 on November 13,2015. In terms of floated shares, the shorted positions stood at 2.7%. The stock has been averaging 548,500 shares daily in trading and would need 5 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on November 24th after Market close.
Analysts at Zacks have given a short term rating of strong buy on Grupo Financiero Galicia S.A. (NASDAQ:GGAL) with a rank of 1. The shares have received an average rating of 2.25 from 4 brokerage firms. 2 analysts have rated the company as a strong buy. 1 analysts have suggested buying the shares.1 analyst has also rated it as a strong sell.
Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) ended Tuesday session in red amid volatile trading. The shares closed down 0.04 points or 0.15% at $25.84 with 702,384 shares getting traded. Post opening the session at $25.55, the shares hit an intraday low of $25.5 and an intraday high of $26.482 and the price vacillated in this range throughout the day. The company has a market cap of $3,360 million and the number of outstanding shares have been calculated to be 130,026,459 shares. The 52-week high of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is $29.25 and the 52-week low is $13.81.
Grupo Financiero Galicia S.A. has dropped 5.59% in the last five trading days, however, the shares have posted positive gains of 7.71% in the last 4 weeks. Grupo Financiero Galicia S.A. is up 39.15% in the last 3-month period. Year-to-Date the stock performance stands at 63.27%.
Institutional Investors own 12.38% of Grupo Financiero Galicia S.A. shares.
Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Companys largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina. On April 15, 2014, Banco de Galicia y Buenos Aires SA sold a 95% stake in Galicia Administradora de Fondos to Grupo Financiero Galicia.
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