BDO Unibank, Inc. (OTCMKTS:BDOUY) Short Interest Down 44.4% in May

BDO Unibank, Inc. (OTCMKTS:BDOUY) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 110,618 shares, a decline of 44.4% from the May 14th total of 199,051 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 118,745 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of BDO Unibank to a “hold” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, BDO Unibank presently has an average rating of “Hold”.

BDO Unibank Stock Performance

OTCMKTS BDOUY opened at $19.90 on Friday. BDO Unibank has a one year low of $18.39 and a one year high of $29.64. The company’s 50 day moving average price is $19.54 and its 200 day moving average price is $21.50. The firm has a market capitalization of $10.62 billion and a price-to-earnings ratio of 0.34.

About BDO Unibank

BDO Unibank, Inc (OTCMKTS: BDOUY) is a universal bank in the Philippines providing a full range of banking and financial services to retail, corporate, and institutional clients. As one of the country’s largest banks by assets, BDO offers commercial banking, lending, deposit products, credit cards, cash management, and remittance services. The bank also delivers specialized solutions in corporate finance, project finance, and agricultural lending.

In addition to core banking operations, BDO maintains robust treasury and trust divisions that handle foreign exchange, money market transactions, and fiduciary services.