BDO Unibank, Inc. (OTCMKTS:BDOUY) Sees Large Decrease in Short Interest

BDO Unibank, Inc. (OTCMKTS:BDOUY) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 28,102 shares, a decline of 60.4% from the June 30th total of 71,053 shares. Based on an average daily volume of 92,921 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

BDO Unibank Stock Performance

Shares of OTCMKTS BDOUY opened at $20.71 on Monday. The business has a 50-day moving average of $20.15 and a 200-day moving average of $21.15. The firm has a market capitalization of $11.05 billion and a price-to-earnings ratio of 0.34. BDO Unibank has a 12 month low of $18.39 and a 12 month high of $27.19.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of BDO Unibank from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, BDO Unibank currently has an average rating of “Sell”.

BDO Unibank Company Profile

BDO Unibank, Inc (OTCMKTS: BDOUY) is a universal bank in the Philippines providing a full range of banking and financial services to retail, corporate, and institutional clients. As one of the country’s largest banks by assets, BDO offers commercial banking, lending, deposit products, credit cards, cash management, and remittance services. The bank also delivers specialized solutions in corporate finance, project finance, and agricultural lending.

In addition to core banking operations, BDO maintains robust treasury and trust divisions that handle foreign exchange, money market transactions, and fiduciary services.