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 June. As of June 15th, there was short interest totaling 1,142,645 shares, a growth of 181.2% from the May 31st total of 406,399 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,062,505 shares, the short-interest ratio is currently 1.1 days.

Banco Do Brasil Stock Up 1.3%

OTCMKTS BDORY opened at $3.98 on Tuesday. Banco Do Brasil has a 12 month low of $3.35 and a 12 month high of $5.48. The company has a market capitalization of $22.81 billion, a P/E ratio of 9.71, a PEG ratio of 0.31 and a beta of 0.41. The company’s 50 day simple moving average is $4.20 and its 200 day simple moving average is $4.43. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.93.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%.The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $7.84 billion. Equities 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 report on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.