Short Interest in Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Declines By 65.1%

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 802 shares, a decline of 65.1% from the May 31st total of 2,299 shares. Based on an average daily trading volume, of 3,227 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Banco Comercial Portugues presently has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

Shares of BPCGY opened at $11.82 on Friday. The company has a market cap of $17.50 billion, a P/E ratio of 12.99 and a beta of 0.38. Banco Comercial Portugues has a fifty-two week low of $7.38 and a fifty-two week high of $14.89. The firm’s 50 day moving average price is $10.99 and its 200 day moving average price is $10.45.

About Banco Comercial Portugues

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.