Short Interest in Banco Bradesco SA (NYSE:BBDO) Rises By 31.6%

Banco Bradesco SA (NYSE:BBDO) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 142,158 shares, an increase of 31.6% from the November 30th total of 108,043 shares. Based on an average trading volume of 57,681 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 57,681 shares, the days-to-cover ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Banco Bradesco Price Performance

BBDO traded up $0.03 during trading on Tuesday, hitting $2.93. 48,054 shares of the stock traded hands, compared to its average volume of 44,366. The business has a 50 day moving average price of $3.03 and a 200 day moving average price of $2.80. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.12 and a quick ratio of 1.12. Banco Bradesco has a twelve month low of $1.74 and a twelve month high of $3.31. The company has a market cap of $31.13 billion, a price-to-earnings ratio of 8.36 and a beta of 0.62.

Banco Bradesco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, January 6th will be paid a $0.0031 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, January 6th. Banco Bradesco’s dividend payout ratio (DPR) is presently 5.71%.

Institutional Trading of Banco Bradesco

Hedge funds have recently added to or reduced their stakes in the stock. Aprio Wealth Management LLC acquired a new position in shares of Banco Bradesco during the first quarter worth $43,000. Goldman Sachs Group Inc. raised its stake in shares of Banco Bradesco by 54.2% during the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock valued at $1,073,000 after acquiring an additional 181,299 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Banco Bradesco by 5,542.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank’s stock worth $30,000 after buying an additional 10,974 shares during the period. Kathmere Capital Management LLC boosted its holdings in Banco Bradesco by 121.7% in the second quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank’s stock valued at $286,000 after acquiring an additional 57,451 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new stake in shares of Banco Bradesco in the 2nd quarter valued at $30,000.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.