Short Interest in BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Grows By 96.4%

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 5,500 shares, a growth of 96.4% from the October 31st total of 2,800 shares. Based on an average daily trading volume, of 113,100 shares, the days-to-cover ratio is presently 0.0 days.

BB Seguridade Participações Stock Performance

Shares of BBSEY stock traded down $0.21 on Friday, hitting $5.65. 38,600 shares of the company’s stock traded hands, compared to its average volume of 57,757. BB Seguridade Participações has a one year low of $5.60 and a one year high of $7.67. The company’s fifty day simple moving average is $6.02 and its 200 day simple moving average is $6.19. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 1.71 and a beta of 1.00.

BB Seguridade Participações (OTCMKTS:BBSEY) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. BB Seguridade Participações had a net margin of 84.97% and a return on equity of 77.88%. The business had revenue of $474.21 million during the quarter. As a group, sell-side analysts anticipate that BB Seguridade Participações will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th.

BB Seguridade Participações Company Profile

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.