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

Banco Do Brasil SA (OTCMKTS:BDORY) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 406,399 shares, a decrease of 39.3% from the May 14th total of 669,582 shares. Based on an average daily trading volume, of 972,739 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Banco Do Brasil Stock Up 0.8%

BDORY stock opened at $3.93 on Tuesday. The stock’s 50 day simple moving average is $4.40 and its 200 day simple moving average is $4.45. Banco Do Brasil has a fifty-two week low of $3.35 and a fifty-two week high of $5.48. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $22.52 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.30 and a beta of 0.41.

Banco Do Brasil (OTCMKTS:BDORY) last issued its quarterly earnings data on Wednesday, May 13th. The financial services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $7.84 billion. Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%. On average, research analysts expect that Banco Do Brasil will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

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.