Short Interest in Banco Bradesco S.A. (NYSE:BBDO) Declines By 77.3%

Banco Bradesco S.A. (NYSE:BBDO) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 1,000 shares, a decline of 77.3% from the September 15th total of 4,400 shares. Based on an average trading volume of 22,900 shares, the short-interest ratio is presently 0.0 days.

Banco Bradesco Price Performance

NYSE:BBDO remained flat at $2.33 during midday trading on Thursday. 9,848 shares of the company traded hands, compared to its average volume of 21,267. Banco Bradesco has a one year low of $1.95 and a one year high of $3.21. The stock has a 50-day simple moving average of $2.43 and a two-hundred day simple moving average of $2.33. The firm has a market cap of $24.83 billion, a P/E ratio of 10.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.76 and a quick ratio of 0.76.

Banco Bradesco (NYSE:BBDO) last announced its earnings results on Monday, August 5th. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 6.68% and a return on equity of 9.88%. The company had revenue of $9.64 billion during the quarter.

Banco Bradesco Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.0024 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.03 dividend on an annualized basis and a dividend yield of 1.21%. Banco Bradesco’s dividend payout ratio (DPR) is currently 8.70%.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.