Short Interest in Macquarie Group Limited (OTCMKTS:MQBKY) Declines By 97.3%

by · The Cerbat Gem

Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares, a drop of 97.3% from the November 30th total of 3,700 shares. Based on an average daily volume of 19,100 shares, the short-interest ratio is currently 0.0 days.

Macquarie Group Price Performance

Shares of MQBKY stock traded down $0.27 on Friday, hitting $139.10. The stock had a trading volume of 10,786 shares, compared to its average volume of 8,267. Macquarie Group has a twelve month low of $118.12 and a twelve month high of $165.98. The company has a fifty day moving average price of $148.51 and a two-hundred day moving average price of $144.93.

Macquarie Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.7113 per share. The ex-dividend date of this dividend is Tuesday, November 12th. Macquarie Group’s dividend payout ratio (DPR) is presently 77.74%.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Macquarie Group from a “hold” rating to a “strong sell” rating in a report on Sunday, October 13th.

Check Out Our Latest Report on MQBKY

Macquarie Group Company Profile

(Get Free Report)

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.

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