Banco Do Brasil SA (OTCMKTS:BDORY) Sees Large Drop in Short Interest

Banco Do Brasil SA (OTCMKTS:BDORY) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 149,864 shares, a decline of 56.6% from the November 30th total of 345,011 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 875,674 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 875,674 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Citigroup cut shares of Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Banco Do Brasil Price Performance

OTCMKTS:BDORY opened at $3.93 on Friday. 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 1.97, a quick ratio of 0.99 and a current ratio of 1.00. The firm’s 50-day simple moving average is $4.11 and its 200 day simple moving average is $3.98. The firm has a market cap of $22.52 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 2.24 and a beta of 0.45.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings data on Thursday, November 13th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). Banco Do Brasil had a net margin of 3.75% and a return on equity of 12.73%. The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.06 billion. As a group, sell-side analysts predict that Banco Do Brasil will post 1.08 earnings per share for the current year.

Banco Do Brasil Company Profile

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.