Short Interest in BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Declines By 19.6%

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 95,000 shares, a decrease of 19.6% from the August 15th total of 118,100 shares. Based on an average trading volume of 129,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 129,000 shares, the short-interest ratio is presently 0.7 days.

BB Seguridade Participacoes Stock Performance

Shares of OTCMKTS:BBSEY opened at $6.32 on Friday. BB Seguridade Participacoes has a 52-week low of $5.38 and a 52-week high of $8.08. The firm has a market capitalization of $12.65 billion, a P/E ratio of 7.91, a P/E/G ratio of 2.22 and a beta of 0.68. The stock has a 50 day moving average price of $6.15 and a 200-day moving average price of $6.62.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. BB Seguridade Participacoes had a return on equity of 79.42% and a net margin of 86.36%.The company had revenue of $489.90 million during the quarter, compared to analyst estimates of $2.65 billion. On average, equities analysts forecast that BB Seguridade Participacoes will post 0.71 EPS for the current fiscal year.

BB Seguridade Participacoes Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a dividend of $0.3327 per share. This represents a yield of 1,065.0%. The ex-dividend date of this dividend was Monday, August 18th. BB Seguridade Participacoes’s dividend payout ratio (DPR) is 83.75%.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.