Short Interest in Banco Do Brasil SA (OTCMKTS:BDORY) Increases By 57.0%

Banco Do Brasil SA (OTCMKTS:BDORY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 749,400 shares, anincreaseof57.0% from the July 15th total of 477,400 shares. Based on an average daily volume of 2,069,000 shares, the days-to-cover ratio is currently 0.4 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,069,000 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Bradesco Corretora cut shares of Banco Do Brasil to a “neutral” rating in a research note on Friday, May 16th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Banco Do Brasil presently has an average rating of “Hold”.

Banco Do Brasil Stock Down 0.3%

Shares of BDORY opened at $3.67 on Thursday. Banco Do Brasil has a 52-week low of $3.3490 and a 52-week high of $5.51. The company has a market capitalization of $21.03 billion, a PE ratio of 4.42, a price-to-earnings-growth ratio of 1.79 and a beta of 0.59. The stock has a fifty day simple moving average of $3.83 and a two-hundred day simple moving average of $4.48. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.97.

Banco Do Brasil Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th were paid a $0.0104 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a dividend yield of 745.0%. Banco Do Brasil’s dividend payout ratio (DPR) is 5.77%.

About Banco Do Brasil

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.