Banco Bradesco SA Short Interest Down 28.0% in May (BBD)
Banco Bradesco SA (NYSE:BBD) saw a large drop in short interest in May. As of May 30th, there was short interest totalling 13,868,280 shares, a drop of 28.0% from the May 15th total of 19,259,238 shares, Analyst Ratings News reports. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,589,648 shares, the short-interest ratio is presently 1.6 days.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “neutral” rating on shares of Banco Bradesco SA in a research note on Wednesday, April 23rd. They now have a $14.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Banco Bradesco SA from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 22nd. They now have a $15.90 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Banco Bradesco SA from $12.00 to $14.00 in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $14.63.
Shares of Banco Bradesco SA (NYSE:BBD) opened at 15.35 on Tuesday. Banco Bradesco SA has a 52 week low of $10.23 and a 52 week high of $15.96. The stock’s 50-day moving average is $15.03 and its 200-day moving average is $13.07. The company has a market cap of $64.399 billion and a price-to-earnings ratio of 11.15.
Banco Bradesco SA (NYSE:BBD) last released its earnings data on Thursday, April 24th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. On average, analysts predict that Banco Bradesco SA will post $1.48 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Friday, August 8th. Investors of record on Monday, July 7th will be paid a dividend of $0.0093 per share. This represents a dividend yield of 7.3%. The ex-dividend date is Wednesday, July 2nd.
Banco Bradesco SA (NYSE:BBD) is a Brazil-based bank.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.