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

Banco Do Brasil SA (OTCMKTS:BDORY) was the recipient of a large growth in short interest during 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. Based on an average daily trading volume, of 1,062,505 shares, the short-interest ratio is currently 1.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Banco Do Brasil Price Performance

Shares of OTCMKTS:BDORY opened at $3.93 on Monday. The company has a market capitalization of $22.52 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.31 and a beta of 0.41. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.93. The business’s 50-day moving average is $4.22 and its 200-day moving average is $4.43. Banco Do Brasil has a 1 year low of $3.35 and a 1 year high of $5.48.

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

Banco Do Brasil Company Profile

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.