BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Sees Significant Increase in Short Interest

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 370,403 shares, an increase of 158.5% from the May 14th total of 143,265 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 312,009 shares, the short-interest ratio is currently 1.2 days.

BB Seguridade Participacoes Stock Performance

Shares of OTCMKTS BBSEY traded up $0.05 during trading hours on Friday, hitting $7.51. The company’s stock had a trading volume of 45,295 shares, compared to its average volume of 137,817. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 8.63 and a beta of 0.37. BB Seguridade Participacoes has a 12 month low of $5.80 and a 12 month high of $8.58. The business has a 50-day simple moving average of $7.04 and a 200-day simple moving average of $6.86.

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, hitting the consensus estimate of $0.21. The company had revenue of $471.89 million for the quarter, compared to analysts’ expectations of $529.60 million. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%. On average, equities research analysts forecast that BB Seguridade Participacoes will post 0.87 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on BBSEY shares. The Goldman Sachs Group downgraded BB Seguridade Participacoes to a “neutral” rating in a report on Friday, February 13th. Zacks Research upgraded BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Itau BBA Securities cut BB Seguridade Participacoes to an “underperform” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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).