Short Interest in Banco Comercial Português, S.A. (OTCMKTS:BPCGF) Drops By 19.0%

Banco Comercial Português, S.A. (OTCMKTS:BPCGF) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 3,209,160 shares, a decline of 19.0% from the December 15th total of 3,961,818 shares. Based on an average daily volume of 19 shares, the days-to-cover ratio is presently 168,903.2 days. Based on an average daily volume of 19 shares, the days-to-cover ratio is presently 168,903.2 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “neutral” rating on shares of Banco Comercial Português in a research note on Thursday, November 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Banco Comercial Português Price Performance

Banco Comercial Português stock opened at $0.96 on Monday. The company’s 50 day simple moving average is $0.94 and its 200 day simple moving average is $0.88. Banco Comercial Português has a fifty-two week low of $0.50 and a fifty-two week high of $0.96.

About Banco Comercial Português

Banco Comercial Português, SA operates as the largest private sector bank in Portugal, conducting a broad range of banking activities under the brand Millennium bcp. The bank serves individual customers, small and medium-sized enterprises and large corporate clients through a network of branches, online channels and partner points of sale. Its core services include deposit accounts, consumer and mortgage lending, payment cards and electronic banking.

Founded in 1985 during the privatization of state-owned banking assets, Banco Comercial Português has expanded beyond its domestic market.