Short Interest in Banco Do Brasil SA (OTCMKTS:BDORY) Expands By 952.2%

Banco Do Brasil SA (OTCMKTS:BDORY) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 3,298,556 shares, a growth of 952.2% from the July 30th total of 313,492 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,905,950 shares, the days-to-cover ratio is presently 1.7 days.

Banco Do Brasil Stock Up 6.0%

Banco Do Brasil stock opened at $3.90 on Wednesday. The company has a market capitalization of $22.35 billion, a PE ratio of 9.75, a PEG ratio of 0.35 and a beta of 0.41. Banco Do Brasil has a 12-month low of $3.47 and a 12-month high of $5.47. The firm’s fifty day moving average is $3.94 and its 200 day moving average is $4.35. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.56.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BDORY shares. Zacks Research lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Banco Do Brasil has an average rating of “Sell”.

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.