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

Banco Do Brasil SA (OTCMKTS:BDORY – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 406,399 shares, a decrease of 39.3% from the May 14th total of 669,582 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 972,739 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

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

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Banco Do Brasil Price Performance

BDORY stock opened at $3.90 on Monday. Banco Do Brasil has a one year low of $3.35 and a one year high of $5.48. The company’s fifty day moving average price is $4.41 and its 200-day moving average price is $4.45. 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 PE ratio of 9.51, a price-to-earnings-growth ratio of 0.30 and a beta of 0.41.

Banco Do Brasil (OTCMKTS:BDORY – Get Free Report) last released its earnings results on Wednesday, May 13th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%.The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $7.84 billion. On average, equities analysts anticipate that Banco Do Brasil will post 0.72 EPS for the current fiscal year.

About Banco Do Brasil

(Get Free Report)

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.

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