BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Sees Significant Increase in Short Interest

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 262,900 shares, a growth of 31.8% from the February 28th total of 199,400 shares. Based on an average daily trading volume, of 153,200 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.0% of the shares of the stock are sold short.

BB Seguridade Participações Trading Up 0.4 %

Shares of BB Seguridade Participações stock opened at $7.05 on Monday. The company has a market cap of $14.10 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The company has a 50 day moving average of $6.86 and a 200-day moving average of $6.32. BB Seguridade Participações has a 1-year low of $5.38 and a 1-year high of $7.43.

BB Seguridade Participações (OTCMKTS:BBSEY) last issued its earnings results on Monday, February 17th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. BB Seguridade Participações had a return on equity of 73.91% and a net margin of 85.43%. The firm had revenue of $448.84 million for the quarter. Research analysts forecast that BB Seguridade Participações will post 0.71 earnings per share for the current year.

BB Seguridade Participações Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 13th. Shareholders of record on Friday, February 28th were paid a dividend of $0.3978 per share. This is an increase from BB Seguridade Participações’s previous dividend of $0.21. The ex-dividend date of this dividend was Friday, February 28th. BB Seguridade Participações’s payout ratio is presently 86.75%.

About BB Seguridade Participações

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.