Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Sees Significant Decrease in Short Interest

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 802 shares, a drop of 65.1% from the May 31st total of 2,299 shares. Based on an average trading volume of 3,227 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Stock Up 1.5%

Shares of OTCMKTS BPCGY opened at $12.00 on Tuesday. Banco Comercial Portugues has a twelve month low of $8.40 and a twelve month high of $14.89. The firm has a market cap of $17.77 billion, a P/E ratio of 13.19 and a beta of 0.38. The company has a 50 day moving average of $11.03 and a 200 day moving average of $10.47.

About Banco Comercial Portugues

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.