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

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 97,151 shares, a growth of 88.4% from the November 30th total of 51,560 shares. Based on an average daily volume of 135,664 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 135,664 shares, the short-interest ratio is presently 0.7 days.

BB Seguridade Participacoes Stock Up 0.6%

Shares of BBSEY stock opened at $6.51 on Friday. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.36 and a beta of 0.38. BB Seguridade Participacoes has a 52-week low of $5.74 and a 52-week high of $8.08. The company’s 50 day moving average is $6.34 and its 200 day moving average is $6.28.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. BB Seguridade Participacoes had a return on equity of 79.01% and a net margin of 87.16%.The company had revenue of $499.59 million during the quarter, compared to analyst estimates of $435.25 million. Analysts anticipate that BB Seguridade Participacoes will post 0.71 EPS for the current fiscal year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).