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Shares of Banco Macro SA (NYSE:BMA) were the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 178,811 shares, a decline of 65.4% from the April 15th total of 517,222 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 144,538 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the shares of the company are short sold.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Banco Macro SA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 20th. They now have a $35.00 price target on the stock.

Shares of Banco Macro SA (NYSE:BMA) opened at 30.03 on Tuesday. Banco Macro SA has a one year low of $13.63 and a one year high of $32.85. The stock has a 50-day moving average of $30.87 and a 200-day moving average of $26.01. The company has a market cap of $1.755 billion and a price-to-earnings ratio of 4.50.

Banco Macro SA (NYSE:BMA) last announced its earnings results on Thursday, May 22nd. The company reported $2.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.68 by $0.85. On average, analysts predict that Banco Macro SA will post $6.32 earnings per share for the current fiscal year.

Banco Macro SA (NYSE:BMA) is an Argentina-based bank.

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