BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Short Interest Update

BB Seguridade Participacoes SA (OTCMKTS:BBSEY – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 370,403 shares, a growth of 158.5% from the May 14th total of 143,265 shares. Based on an average daily volume of 312,009 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are sold short.

BB Seguridade Participacoes Stock Down 0.1%

BBSEY traded down $0.01 during trading on Friday, reaching $7.45. The company’s stock had a trading volume of 92,455 shares, compared to its average volume of 164,662. The firm has a fifty day simple moving average of $7.05 and a two-hundred day simple moving average of $6.86. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 8.56 and a beta of 0.37. BB Seguridade Participacoes has a 1 year low of $5.80 and a 1 year high of $8.58.

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BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $471.89 million during the quarter, compared to the consensus estimate of $529.60 million. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. As a group, equities analysts forecast that BB Seguridade Participacoes will post 0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BBSEY shares. Itau BBA Securities lowered BB Seguridade Participacoes to an “underperform” rating in a research note on Wednesday, April 15th. Zacks Research raised shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, The Goldman Sachs Group lowered shares of BB Seguridade Participacoes to a “neutral” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

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About BB Seguridade Participacoes

(Get Free Report)

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).

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