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

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

Banco Comercial Português Stock Performance

Shares of OTCMKTS BPCGF opened at $0.96 on Friday. Banco Comercial Português has a 12-month low of $0.50 and a 12-month high of $0.96. The firm’s 50-day moving average price is $0.94 and its 200-day moving average price is $0.89.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a “neutral” rating on shares of Banco Comercial Português in a research note on Thursday, November 20th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus 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.