BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Short Interest Down 41.3% in June

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 217,260 shares, a decline of 41.3% from the May 31st total of 370,403 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 337,917 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

BBSEY has been the topic of several recent analyst reports. Zacks Research lowered BB Seguridade Participacoes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Itau BBA Securities raised BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

BB Seguridade Participacoes Stock Performance

Shares of BBSEY stock opened at $7.61 on Wednesday. The stock’s 50-day moving average is $7.21 and its two-hundred day moving average is $6.97. BB Seguridade Participacoes has a 1 year low of $5.80 and a 1 year high of $8.57. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 8.75 and a beta of 0.37.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Monday, May 4th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $471.89 million during 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%. As a group, research analysts predict that BB Seguridade Participacoes will post 0.87 EPS for the current year.

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).