Short Interest in BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Decreases By 59.3%

BB Seguridade Participacoes SA (OTCMKTS:BBSEY – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 64,163 shares, a drop of 59.3% from the August 15th total of 157,486 shares. Based on an average daily trading volume, of 146,959 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

BB Seguridade Participacoes Stock Performance

Shares of BB Seguridade Participacoes stock opened at $7.76 on Monday. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of 8.62 and a beta of 0.38. The stock has a 50 day moving average price of $7.90 and a 200-day moving average price of $7.35. BB Seguridade Participacoes has a one year low of $5.89 and a one year high of $8.57.

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BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 79.22%. The company had revenue of $508.16 million during the quarter, compared to analyst estimates of $489.08 million. Sell-side analysts predict that BB Seguridade Participacoes will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on BBSEY shares. Zacks Research raised shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Finally, Citigroup cut BB Seguridade Participacoes to a “sell” rating in a report on Friday. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BB Seguridade Participacoes has an average rating of “Reduce”.

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About BB Seguridade Participacoes

(Get Free Report)

BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, private pension, capitalization and related financial protection products. The company operates primarily through subsidiaries that develop and distribute insurance and other financial products to individuals, businesses and rural customers.

Its principal businesses include Brasilseg, which provides property, life, rural, credit and other insurance products, and BB Corretora, which brokers insurance, private pension and capitalization products.

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