Companhia Brasileira de Distribuicao (NYSE:CBD) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,588,342 shares, an increase of 43.4% from the August 31st total of 1,107,731 shares. Based on an average daily trading volume, of 499,440 shares, the short-interest ratio is currently 3.2 days.

Companhia Brasileira de Distribuicao (NYSE CBD) opened at 23.66 on Tuesday. The company has a market cap of $6.29 billion, a PE ratio of 149.75 and a beta of 1.84. Companhia Brasileira de Distribuicao has a 12-month low of $14.08 and a 12-month high of $25.72. The company’s 50-day moving average price is $23.75 and its 200-day moving average price is $21.61.

Several analysts have issued reports on CBD shares. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Friday, September 8th. BidaskClub downgraded shares of Companhia Brasileira de Distribuicao from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Companhia Brasileira de Distribuicao has an average rating of “Buy” and an average price target of $28.00.

Several hedge funds have recently added to or reduced their stakes in CBD. FNY Partners Fund LP increased its position in shares of Companhia Brasileira de Distribuicao by 8,900.0% during the second quarter. FNY Partners Fund LP now owns 9,000 shares of the company’s stock valued at $175,000 after acquiring an additional 8,900 shares during the last quarter. NGAM Advisors L.P. purchased a new position in Companhia Brasileira de Distribuicao in the second quarter worth $201,000. World Asset Management Inc boosted its position in Companhia Brasileira de Distribuicao by 0.9% in the first quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock worth $198,000 after purchasing an additional 88 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Companhia Brasileira de Distribuicao in the second quarter worth $204,000. Finally, First Allied Advisory Services Inc. boosted its position in Companhia Brasileira de Distribuicao by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 11,305 shares of the company’s stock worth $218,000 after purchasing an additional 58 shares during the last quarter. 3.50% of the stock is owned by institutional investors.

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About Companhia Brasileira de Distribuicao

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

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