Short Interest in BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Rises By 150.9%

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 545,184 shares, a growth of 150.9% from the June 15th total of 217,260 shares. Based on an average trading volume of 375,326 shares, the short-interest ratio is currently 1.5 days. Approximately 0.0% of the shares of the stock are sold short.

BB Seguridade Participacoes Price Performance

Shares of OTCMKTS BBSEY opened at $8.08 on Thursday. The firm’s 50-day moving average is $7.35 and its two-hundred day moving average is $7.06. BB Seguridade Participacoes has a 12-month low of $5.80 and a 12-month high of $8.57. The company has a market capitalization of $15.69 billion, a PE ratio of 9.29 and a beta of 0.35.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%.The firm had revenue of $471.89 million during the quarter, compared to the consensus estimate of $529.60 million. On average, analysts forecast that BB Seguridade Participacoes will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Itau BBA Securities upgraded shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Zacks Research cut shares of BB Seguridade Participacoes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).