Macquarie Group Limited (OTCMKTS:MQBKY) Stock Short Interest Report for October

Macquarie Group Limited (OTCMKTS:MQBKY) was the target of a significant growth in short interest in 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 short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

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

Macquarie Group Stock Up 0.7%

Shares of OTCMKTS MQBKY opened at $173.83 on Tuesday. Macquarie Group has a 52-week low of $122.37 and a 52-week high of $190.30. The firm’s 50-day moving average price is $175.03 and its 200-day moving average price is $164.95.

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.