BDO Unibank, Inc. (OTCMKTS:BDOUY) Sees Significant Decline in Short Interest

BDO Unibank, Inc. (OTCMKTS:BDOUY) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 28,102 shares, a drop of 60.4% from the June 30th total of 71,053 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 92,921 shares, the short-interest ratio is currently 0.3 days.

BDO Unibank Stock Up 1.0%

Shares of BDOUY stock opened at $20.92 on Tuesday. The stock has a fifty day moving average of $20.19 and a 200 day moving average of $21.13. BDO Unibank has a 52 week low of $18.39 and a 52 week high of $27.19. The firm has a market capitalization of $11.16 billion and a price-to-earnings ratio of 0.34.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of BDO Unibank from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About BDO Unibank

BDO Unibank, Inc (OTCMKTS: BDOUY) is a universal bank in the Philippines providing a full range of banking and financial services to retail, corporate, and institutional clients. As one of the country’s largest banks by assets, BDO offers commercial banking, lending, deposit products, credit cards, cash management, and remittance services. The bank also delivers specialized solutions in corporate finance, project finance, and agricultural lending.

In addition to core banking operations, BDO maintains robust treasury and trust divisions that handle foreign exchange, money market transactions, and fiduciary services.