BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Short Interest Up 150.9% in June

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

Wall Street Analysts Forecast Growth

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

BB Seguridade Participacoes Stock Performance

OTCMKTS:BBSEY opened at $8.00 on Wednesday. The company has a market capitalization of $15.53 billion, a P/E ratio of 9.20 and a beta of 0.35. The stock’s 50 day moving average price is $7.33 and its 200 day moving average price is $7.05. BB Seguridade Participacoes has a 52 week low of $5.80 and a 52 week high of $8.57.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Monday, May 4th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $471.89 million during the quarter, compared to analysts’ expectations of $529.60 million. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. As a group, sell-side analysts forecast that BB Seguridade Participacoes will post 0.85 earnings per share for the current fiscal year.

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).