Banco Do Brasil SA (OTCMKTS:BDORY – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,298,556 shares, a growth of 952.2% from the July 30th total of 313,492 shares. Based on an average trading volume of 1,905,950 shares, the short-interest ratio is currently 1.7 days. Approximately 0.1% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on BDORY. 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. Zacks Research cut Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on BDORY
Banco Do Brasil Trading Up 6.0%
About Banco Do Brasil
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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