Time to Reconsider Bbva Banco Frances S.A. (NYSE:BFR) After More Short Sellers?

May 17, 2018 - By Robert Crowder

BBVA Banco Francés S.A. (NYSE:BFR) Logo

The stock of Bbva Banco Frances S.A. (NYSE:BFR) registered an increase of 14.46% in short interest. BFR’s total short interest was 356,300 shares in May as published by FINRA. Its up 14.46% from 311,300 shares, reported previously. With 337,000 shares average volume, it will take short sellers 1 days to cover their BFR’s short positions. The short interest to Bbva Banco Frances S.A.’s float is 0.51%.

The stock decreased 0.11% or $0.02 during the last trading session, reaching $17.69. About 347,099 shares traded or 20.64% up from the average. BBVA Banco Francés S.A. (NYSE:BFR) has risen 24.73% since May 17, 2017 and is uptrending. It has outperformed by 13.18% the S&P500.

BBVA Banco Francés S.A., together with its subsidiaries, provides financial services to small and medium enterprises, and individual clients in Spain, Mexico, South America, the United States, and Eurasia. The company has market cap of $3.93 billion. The firm offers current, checking, and savings accounts, as well as demand and time deposits. It has a 17.6 P/E ratio. It also provides loans to the public sector and local financial institutions, and short-term loans to companies, as well as overdraft lines of credit, discounted instruments, real estate mortgage loans, collateral loans, consumer loans, credit card loans, pre-financing and export financing, and short-term placements in foreign banks.

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

Among 2 analysts covering BBVA Banco Frances S.A. Common Stock (NYSE:BFR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BBVA Banco Frances S.A. Common Stock had 2 analyst reports since November 27, 2017 according to SRatingsIntel. The stock of BBVA Banco Francés S.A. (NYSE:BFR) earned “Buy” rating by Santander on Friday, May 11. The stock of BBVA Banco Francés S.A. (NYSE:BFR) earned “Buy” rating by Citigroup on Monday, November 27.

Another recent and important BBVA Banco Francés S.A. (NYSE:BFR) news was published by Nasdaq.com which published an article titled: “Mid-Afternoon Market Update: Netshoes Drops Following Q1 Results; Red Violet Shares Surge” on May 15, 2018.

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