Shorts Action: Bbva Banco Frances S A (NYSE:BFR) Shorts Decreased by 0.2% After Short Covering

November 25, 2016 - By Marie Mckinney   ·   0 Comments

Shorts Action: Bbva Banco Frances S A (NYSE:BFR) Shorts Decreased by 0.2% After Short Covering

The stock of Bbva Banco Frances S A (NYSE:BFR) registered a decrease of 0.2% in short interest. BFR’s total short interest was 244,300 shares in November as published by FINRA. Its down 0.2% from 244,800 shares, reported previously. With 78,300 shares average volume, it will take short sellers 3 days to cover their BFR’s short positions. The short interest to Bbva Banco Frances S A’s float is 0.57%. The stock decreased 0.11% or $0.02 on November 25, hitting $18.51. About 48,800 shares traded hands. BBVA Banco Frances S.A. (ADR) (NYSE:BFR) has declined 16.38% since April 22, 2016 and is downtrending. It has underperformed by 21.79% the S&P500.

BBVA Banco Frances S.A. is a well-known provider of financial services to large firms, small and medium-size companies (SMEs), as well as individual customers. The company has a market cap of $3.31 billion. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. It has a 12.09 P/E ratio. The Bank has all its operations, property and clients located in Argentina.

BBVA Banco Frances S.A. (ADR) (NYSE:BFR) Ratings Coverage

Out of 2 analysts covering BBVA Banco Frances SA (NYSE:BFR), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. BBVA Banco Frances SA has been the topic of 2 analyst reports since November 12, 2015 according to StockzIntelligence Inc. The rating was initiated by Credit Suisse with “Underperform” on Tuesday, March 29. Raymond James downgraded the shares of BFR in a report on Thursday, November 12 to “Market Perform” rating.

BFR Company Profile

BBVA Banco Frances S.A. (the Bank), incorporated on December 6, 1886, is a well-known provider of financial services to large firms, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and clients located in Argentina. As part of its business, the Bank conducts capital markets and securities activities directly in the over-the-counter market and indirectly in Bolsa de Comercio de Buenos Aires (BCBA). The Bank has approximately 285 attention-to-clients units, 251 of which are retail branches and 34 are specialized in the middle-market segment and institutions, while corporate banking is divided by industry, such as consumer, heavy industries and energy. It also has over 14 in-company branches, one point of sale outlet and one point of express attention, approximately 694 automated teller machines (ATMs) and over 797 self-service terminals (ATS), a telephone banking service, an Internet banking service called Frances Net, and an application for smartphones.

More important recent BBVA Banco Frances S.A. (ADR) (NYSE:BFR) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Marketwatch.com published article titled: “Don’t cry for Argentina, buy Argentina”, Dividend.com published: “Banco Macro SA (BMA)” on June 05, 2008. More interesting news about BBVA Banco Frances S.A. (ADR) (NYSE:BFR) was released by: Seekingalpha.com and their article: “17 High Dividend ADRs With Tremendous Growth Rates” with publication date: June 03, 2011.

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By Marie Mckinney


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