Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Short Interest Up 19,058.3% in May

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,299 shares, an increase of 19,058.3% from the May 14th total of 12 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 832 shares, the days-to-cover ratio is currently 2.8 days.

Banco Comercial Portugues Price Performance

Shares of Banco Comercial Portugues stock opened at $11.10 on Wednesday. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 12.20 and a beta of 0.38. Banco Comercial Portugues has a 52-week low of $7.38 and a 52-week high of $14.89. The stock has a 50-day simple moving average of $10.48 and a 200-day simple moving average of $10.24.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Company Profile

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.