Banco Do Brasil SA (OTCMKTS:BDORY) Sees Significant Decline in Short Interest

Banco Do Brasil SA (OTCMKTS:BDORY) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 406,399 shares, a decrease of 39.3% from the May 14th total of 669,582 shares. Based on an average daily volume of 972,739 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Banco Do Brasil Stock Down 2.3%

OTCMKTS BDORY opened at $3.84 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $22.01 billion, a P/E ratio of 9.37, a P/E/G ratio of 0.31 and a beta of 0.41. Banco Do Brasil has a one year low of $3.35 and a one year high of $5.48. The stock has a 50 day moving average price of $4.38 and a 200-day moving average price of $4.44.

Banco Do Brasil (OTCMKTS:BDORY) last announced its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Banco Do Brasil had a net margin of 3.34% and a return on equity of 8.86%. The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $7.84 billion. As a group, equities analysts predict that Banco Do Brasil will post 0.72 EPS for the current fiscal year.

About Banco Do Brasil

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.