Banco Espirito Santo (OTCMKTS:BPCGF) Sees Significant Decrease in Short Interest

Banco Espirito Santo (OTCMKTS:BPCGF) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 7,417,400 shares, a decline of 29.9% from the August 15th total of 10,579,100 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Banco Espirito Santo from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 21st. Jefferies Financial Group cut Banco Espirito Santo from a “buy” rating to a “hold” rating in a report on Tuesday, September 1st.

Shares of BPCGF opened at $0.11 on Thursday. Banco Espirito Santo has a 1-year low of $0.08 and a 1-year high of $0.25. The company has a 50 day moving average of $0.12.

About Banco Espirito Santo

Banco Comercial Português, SA, together with its subsidiaries, provides various banking and financial products and services. It operates through Retail Banking; Companies, Corporate & Investment Banking; Private Banking; Foreign Business; and Other segments. The company offers a range of financial products and services, including current accounts, payment systems, savings and investment products, and private banking services; and asset management and investment banking services, such as mortgage loans, consumer credit, commercial banking, leasing, factoring and insurance, and others.

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