BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Short Interest Update

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 64,163 shares, a drop of 59.3% from the August 15th total of 157,486 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 146,959 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BBSEY. Zacks Research raised BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Itau BBA Securities raised BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 16th. Finally, Citigroup cut shares of BB Seguridade Participacoes to a “sell” rating in a research note on Friday. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BB Seguridade Participacoes presently has a consensus rating of “Reduce”.

BB Seguridade Participacoes Trading Up 1.0%

OTCMKTS BBSEY opened at $7.84 on Tuesday. The stock has a 50-day simple moving average of $7.91 and a 200 day simple moving average of $7.35. The company has a market capitalization of $15.22 billion, a PE ratio of 8.71 and a beta of 0.38. BB Seguridade Participacoes has a 12 month low of $5.89 and a 12 month high of $8.57.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Tuesday, August 4th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $508.16 million for the quarter, compared to analyst estimates of $489.08 million. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%. As a group, sell-side analysts predict that BB Seguridade Participacoes will post 0.87 earnings per share for the current fiscal year.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, private pension, capitalization and related financial protection products. The company operates primarily through subsidiaries that develop and distribute insurance and other financial products to individuals, businesses and rural customers.

Its principal businesses include Brasilseg, which provides property, life, rural, credit and other insurance products, and BB Corretora, which brokers insurance, private pension and capitalization products.