Banco Do Brasil SA (OTCMKTS:BDORY) Short Interest Update

Banco Do Brasil SA (OTCMKTS:BDORY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,142,645 shares, a growth of 181.2% from the May 31st total of 406,399 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,062,505 shares, the days-to-cover ratio is currently 1.1 days.

Banco Do Brasil Stock Performance

OTCMKTS BDORY opened at $3.93 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.56. Banco Do Brasil has a 52-week low of $3.35 and a 52-week high of $5.48. The business’s 50-day moving average price is $4.22 and its 200 day moving average price is $4.42. The firm has a market cap of $22.52 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.31 and a beta of 0.41.

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

Analyst Upgrades and Downgrades

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

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.