Short Interest in BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Expands By 88.4%

BB Seguridade Participacoes SA (OTCMKTS:BBSEYGet Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 97,151 shares, a growth of 88.4% from the November 30th total of 51,560 shares. Based on an average daily trading volume, of 135,664 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 135,664 shares, the days-to-cover ratio is presently 0.7 days.

BB Seguridade Participacoes Price Performance

BBSEY stock opened at $6.51 on Monday. BB Seguridade Participacoes has a 1-year low of $5.74 and a 1-year high of $8.08. The business has a 50-day moving average price of $6.34 and a 200 day moving average price of $6.28. The company has a market capitalization of $13.02 billion, a P/E ratio of 8.04, a PEG ratio of 2.36 and a beta of 0.38.

BB Seguridade Participacoes (OTCMKTS:BBSEYGet Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. BB Seguridade Participacoes had a net margin of 87.16% and a return on equity of 79.01%. The company had revenue of $499.59 million for the quarter, compared to analysts’ expectations of $435.25 million. On average, analysts anticipate that BB Seguridade Participacoes will post 0.71 earnings per share for the current fiscal year.

BB Seguridade Participacoes Company Profile

(Get Free Report)

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).

Further Reading

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