Banco Do Brasil SA (OTCMKTS:BDORY) Short Interest Down 39.3% in May

Banco Do Brasil SA (OTCMKTS:BDORY) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 406,399 shares, a decline of 39.3% from the May 14th total of 669,582 shares. Based on an average daily trading volume, of 972,739 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Banco Do Brasil Price Performance

Banco Do Brasil stock opened at $3.90 on Monday. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.30 and a beta of 0.41. The firm’s fifty day moving average is $4.41 and its 200 day moving average is $4.45. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.56. Banco Do Brasil has a 52-week low of $3.35 and a 52-week high of $5.48.

Banco Do Brasil (OTCMKTS:BDORY) last released its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $7.84 billion. Banco Do Brasil had a net margin of 3.34% and a return on equity of 8.86%. Sell-side analysts forecast that Banco Do Brasil will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

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.