BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Sees Significant Increase in Short Interest

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 370,403 shares, a growth of 158.5% from the May 14th total of 143,265 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 312,009 shares, the short-interest ratio is currently 1.2 days.

BB Seguridade Participacoes Price Performance

OTCMKTS BBSEY traded up $0.05 during trading hours on Friday, reaching $7.51. 45,295 shares of the stock traded hands, compared to its average volume of 137,817. The stock has a 50 day simple moving average of $7.04 and a two-hundred day simple moving average of $6.86. BB Seguridade Participacoes has a 1 year low of $5.80 and a 1 year high of $8.58. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 8.63 and a beta of 0.37.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its quarterly earnings data on Monday, May 4th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $471.89 million for the quarter, compared to the consensus estimate of $529.60 million. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%. On average, sell-side analysts forecast that BB Seguridade Participacoes will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BBSEY has been the topic of a number of research reports. Zacks Research upgraded BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Itau BBA Securities downgraded BB Seguridade Participacoes to an “underperform” rating in a research report on Wednesday, April 15th. Finally, The Goldman Sachs Group downgraded BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).