Short Interest in Banco Comercial Português, S.A. (OTCMKTS:BPCGF) Declines By 44.6%

Banco Comercial Português, S.A. (OTCMKTS:BPCGF) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,779,440 shares, a decrease of 44.6% from the December 31st total of 3,209,160 shares. Based on an average trading volume of 2 shares, the days-to-cover ratio is currently 889,720.0 days. Based on an average trading volume of 2 shares, the days-to-cover ratio is currently 889,720.0 days.

Banco Comercial Português Stock Performance

Banco Comercial Português stock opened at $0.96 on Friday. Banco Comercial Português has a 52-week low of $0.50 and a 52-week high of $0.96. The firm has a 50 day moving average price of $0.94 and a two-hundred day moving average price of $0.89.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a “neutral” rating on shares of Banco Comercial Português in a report on Thursday, November 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About Banco Comercial Português

Banco Comercial Português, SA operates as the largest private sector bank in Portugal, conducting a broad range of banking activities under the brand Millennium bcp. The bank serves individual customers, small and medium-sized enterprises and large corporate clients through a network of branches, online channels and partner points of sale. Its core services include deposit accounts, consumer and mortgage lending, payment cards and electronic banking.

Founded in 1985 during the privatization of state-owned banking assets, Banco Comercial Português has expanded beyond its domestic market.