Banco Do Brasil SA (OTCMKTS:BDORY) Sees Significant Growth in Short Interest

Banco Do Brasil SA (OTCMKTS:BDORY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 3,298,556 shares, an increase of 952.2% from the July 30th total of 313,492 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,905,950 shares, the days-to-cover ratio is presently 1.7 days.

Banco Do Brasil Price Performance

Shares of OTCMKTS BDORY traded up $0.22 during midday trading on Tuesday, reaching $3.90. The stock had a trading volume of 257,093 shares, compared to its average volume of 871,314. Banco Do Brasil has a 12-month low of $3.47 and a 12-month high of $5.47. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.35 and a beta of 0.41. The stock has a 50-day moving average of $3.94 and a 200-day moving average of $4.35.

Analyst Upgrades and Downgrades

BDORY has been the topic of several analyst reports. Zacks Research downgraded Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group downgraded Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Banco Do Brasil currently has a consensus rating of “Sell”.

Banco Do Brasil Company Profile

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.