BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Sees Significant Increase in Short Interest

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 227,200 shares, an increase of 139.2% from the August 31st total of 95,000 shares. Based on an average daily volume of 176,400 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 176,400 shares, the days-to-cover ratio is currently 1.3 days.

BB Seguridade Participacoes Price Performance

Shares of OTCMKTS:BBSEY opened at $6.33 on Friday. The company has a market cap of $12.66 billion, a P/E ratio of 7.91, a PEG ratio of 2.29 and a beta of 0.63. BB Seguridade Participacoes has a 1 year low of $5.38 and a 1 year high of $8.08. The stock’s fifty day moving average price is $6.16 and its 200-day moving average price is $6.58.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. BB Seguridade Participacoes had a return on equity of 79.42% and a net margin of 86.36%.The firm had revenue of $489.90 million for the quarter, compared to the consensus estimate of $2.65 billion. On average, sell-side analysts anticipate that BB Seguridade Participacoes will post 0.71 earnings per share for the current year.

BB Seguridade Participacoes Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a $0.3327 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a yield of 1,065.0%. BB Seguridade Participacoes’s dividend payout ratio is currently 83.75%.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.