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Companhia Brasileira de Distribuicao (NYSE:CBD) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 543,394 shares, a decrease of 35.3% from the March 31st total of 839,945 shares, StockRatingsNetwork reports. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 817,965 shares, the days-to-cover ratio is currently 0.7 days.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Companhia Brasileira de Distribuicao in a research note on Friday, May 2nd. They now have a $50.00 price target on the stock.

Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) opened at 47.27 on Wednesday. Companhia Brasileira de Distribuicao has a 52 week low of $37.83 and a 52 week high of $57.30. The stock’s 50-day moving average is $46.48 and its 200-day moving average is $44.19. The company has a market cap of $12.512 billion and a P/E ratio of 26.40.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, May 27th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.0623 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Tuesday, May 6th.

Companhia Brasileira De Distribuicao (NYSE:CBD) is a Brazil-based food retailer.

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