Banco Do Brasil SA (OTCMKTS:BDORY) Short Interest Up 391.4% in October

Banco Do Brasil SA (OTCMKTS:BDORY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,229,100 shares, an increase of 391.4% from the September 30th total of 250,100 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,046,800 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 1,046,800 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Banco Do Brasil from a “hold” rating to a “buy” rating in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Banco Do Brasil Price Performance

Shares of BDORY opened at $4.02 on Wednesday. Banco Do Brasil has a 52-week low of $3.35 and a 52-week high of $5.51. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $3.99 and its two-hundred day moving average price is $4.16. The firm has a market cap of $23.04 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61.

Banco Do Brasil Company Profile

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.