Banco Bradesco SA (NYSE:BBDO) Short Interest Up 4,781.5% in July

Banco Bradesco SA (NYSE:BBDOGet Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 153,328 shares, a growth of 4,781.5% from the July 15th total of 3,141 shares. Based on an average daily trading volume, of 111,498 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on Banco Bradesco

Institutional Investors Weigh In On Banco Bradesco

Several hedge funds have recently added to or reduced their stakes in BBDO. Cetera Investment Advisers bought a new position in shares of Banco Bradesco in the fourth quarter valued at about $32,000. Renaissance Technologies LLC acquired a new stake in shares of Banco Bradesco during the 4th quarter worth about $34,000. Tocqueville Asset Management L.P. bought a new stake in shares of Banco Bradesco during the 4th quarter worth about $37,000. SmartHarvest Portfolios LLC bought a new stake in shares of Banco Bradesco during the 4th quarter worth about $39,000. Finally, SBI Securities Co. Ltd. grew its stake in Banco Bradesco by 974.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 13,898 shares of the bank’s stock valued at $40,000 after buying an additional 12,604 shares during the last quarter.

Banco Bradesco Price Performance

Shares of NYSE BBDO opened at $3.04 on Wednesday. The business’s 50 day moving average price is $3.08 and its two-hundred day moving average price is $3.29. The company has a market cap of $32.21 billion, a PE ratio of 7.24 and a beta of 0.55. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.93. Banco Bradesco has a twelve month low of $2.45 and a twelve month high of $3.80.

Banco Bradesco Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 5th will be issued a dividend of $0.0034 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. Banco Bradesco’s payout ratio is presently 4.76%.

Banco Bradesco Company Profile

(Get Free Report)

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.

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