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

Macquarie Group Limited (OTCMKTS:MQBKY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 4,646 shares, a growth of 2,698.8% from the September 30th total of 166 shares. Based on an average daily trading volume, of 26,632 shares, the days-to-cover ratio is currently 0.2 days.

Macquarie Group Price Performance

OTCMKTS MQBKY traded up $1.18 during trading on Monday, reaching $173.83. The company’s stock had a trading volume of 23,825 shares, compared to its average volume of 16,784. The firm has a fifty day moving average of $175.03 and a 200 day moving average of $164.95. Macquarie Group has a one year low of $122.37 and a one year high of $190.30.

Wall Street Analysts Forecast Growth

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

Macquarie Group Company Profile

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.