Banco Do Brasil SA (OTCMKTS:BDORY) Short Interest Update

Banco Do Brasil SA (OTCMKTS:BDORY) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 3,298,556 shares, a growth of 952.2% from the July 30th total of 313,492 shares. Based on an average daily trading volume, of 1,905,950 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. The Goldman Sachs Group lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Zacks Research downgraded Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Sell”.

Banco Do Brasil Stock Down 0.8%

Banco Do Brasil stock opened at $3.87 on Thursday. The firm has a market capitalization of $22.18 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.37 and a beta of 0.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56. Banco Do Brasil has a twelve month low of $3.47 and a twelve month high of $5.47. The stock’s fifty day simple moving average is $3.94 and its 200-day simple moving average is $4.35.

About Banco Do Brasil

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.