Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Sees Large Increase in Short Interest

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 3,003 shares, a growth of 1,488.9% from the September 15th total of 189 shares. Based on an average daily trading volume, of 4,460 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BPCGY shares. The Goldman Sachs Group downgraded Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Zacks Research upgraded shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

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Banco Comercial Portugues Price Performance

BPCGY traded down $0.31 on Friday, reaching $13.06. 970 shares of the stock were exchanged, compared to its average volume of 1,793. The company’s 50-day moving average price is $13.53 and its 200 day moving average price is $11.94. The firm has a market capitalization of $19.33 billion, a PE ratio of 14.35 and a beta of 0.39. Banco Comercial Portugues has a fifty-two week low of $8.71 and a fifty-two week high of $15.00.

Banco Comercial Portugues Company Profile

(Get Free Report)

Banco Comercial Português, SA, operating under the Millennium bcp brand, is a Portuguese banking group headquartered in Porto, Portugal. Founded in 1985, it has grown into one of Portugal’s leading private-sector financial institutions and is listed on Euronext Lisbon. The group provides banking and financial services to individuals, businesses, institutions and corporate clients.

Its principal activities include retail and commercial banking, consumer finance, mortgages, business lending, payments, deposits, investment banking, private banking and asset management.

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