Short Interest in Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Drops By 65.1%

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 802 shares, a decrease of 65.1% from the May 31st total of 2,299 shares. Based on an average trading volume of 3,227 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Banco Comercial Portugues Stock Performance

Shares of BPCGY opened at $11.82 on Monday. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 12.99 and a beta of 0.38. The stock has a 50 day moving average of $10.99 and a 200-day moving average of $10.45. Banco Comercial Portugues has a 52 week low of $7.38 and a 52 week high of $14.89.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Banco Comercial Portugues presently has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Company Profile

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.