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

Macquarie Group Limited (OTCMKTS:MQBKY) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 900 shares, adeclineof35.7% from the July 31st total of 1,400 shares. Based on an average daily trading volume, of 25,000 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 25,000 shares, the short-interest ratio is presently 0.0 days.

Macquarie Group Stock Performance

MQBKY opened at $145.08 on Friday. The firm’s 50-day moving average price is $144.38 and its 200-day moving average price is $135.13. Macquarie Group has a 52-week low of $98.20 and a 52-week high of $165.98.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Macquarie Group currently has a consensus rating of “Reduce”.

Macquarie Group Company Profile

Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital.