BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Sees Large Growth in Short Interest

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 227,200 shares, a growth of 139.2% from the August 31st total of 95,000 shares. Based on an average daily trading volume, of 176,400 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 176,400 shares, the short-interest ratio is presently 1.3 days.

BB Seguridade Participacoes Stock Performance

BBSEY opened at $6.33 on Monday. BB Seguridade Participacoes has a 52-week low of $5.38 and a 52-week high of $8.08. The stock has a market capitalization of $12.66 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 2.29 and a beta of 0.63. The stock’s 50 day moving average price is $6.16 and its 200-day moving average price is $6.57.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.65 billion. Research analysts forecast that BB Seguridade Participacoes will post 0.71 EPS for the current fiscal year.

BB Seguridade Participacoes Cuts Dividend

The company also recently declared 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. The ex-dividend date was Monday, August 18th. This represents a dividend yield of 1,065.0%. BB Seguridade Participacoes’s payout ratio is currently 83.75%.

BB Seguridade Participacoes Company Profile

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.