Banco Do Brasil SA (OTCMKTS:BDORY) Stock Short Interest Drops 51.8%

Banco Do Brasil SA (OTCMKTS:BDORY) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 597,918 shares, a drop of 51.8% from the August 31st total of 1,239,463 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,364,396 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Banco Do Brasil Price Performance

Banco Do Brasil stock opened at $4.48 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56. The company has a fifty day simple moving average of $4.13 and a 200-day simple moving average of $4.24. The stock has a market cap of $25.67 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 0.79 and a beta of 0.41. Banco Do Brasil has a 12-month low of $3.47 and a 12-month high of $5.47.

Banco Do Brasil Company Profile

Banco do Brasil SA is a Brazilian financial institution that provides banking and financial services to individuals, businesses, and government-related entities. Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, payment solutions, foreign exchange, and digital banking services.

The bank also serves corporate and institutional customers through investment banking, treasury, capital markets, asset management, insurance, and pension products.