BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Sees Significant Increase in Short Interest

BB Seguridade Participacoes SA (OTCMKTS:BBSEY – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 95,060 shares, an increase of 48.2% from the August 31st total of 64,163 shares. Based on an average daily trading volume, of 160,096 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BBSEY. Citigroup lowered shares of BB Seguridade Participacoes to a “sell” rating in a research report on Friday, September 11th. Itau BBA Securities raised shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Finally, Zacks Research upgraded shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Three research 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, the stock presently has an average rating of “Reduce”.

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BB Seguridade Participacoes Stock Up 3.8%

BBSEY stock opened at $7.67 on Thursday. BB Seguridade Participacoes has a twelve month low of $5.89 and a twelve month high of $8.57. The company has a market cap of $14.89 billion, a PE ratio of 8.52 and a beta of 0.38. The business’s 50-day simple moving average is $7.83 and its 200 day simple moving average is $7.43.

BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $508.16 million during the quarter, compared to the consensus estimate of $489.08 million. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%. On average, equities research analysts anticipate that BB Seguridade Participacoes will post 0.87 EPS for the current year.

BB Seguridade Participacoes Company Profile

(Get Free Report)

BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, and related financial-protection businesses. The company operates through subsidiaries and investee companies that offer products designed to protect individuals, families, farmers, and businesses against a range of risks.

Its activities include the distribution and brokerage of insurance products, including life, property, rural, auto, and other coverage, as well as private pension and capitalization products.

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