Banco Do Brasil SA (OTCMKTS:BDORY) Short Interest Update

Banco Do Brasil SA (OTCMKTS:BDORY) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 597,918 shares, a drop of 51.8% from the August 31st total of 1,239,463 shares. Based on an average daily volume of 1,364,396 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Banco Do Brasil Stock Up 1.9%

Shares of BDORY stock opened at $4.25 on Wednesday. Banco Do Brasil has a 12 month low of $3.47 and a 12 month high of $5.47. The company has a quick ratio of 0.93, a current ratio of 0.73 and a debt-to-equity ratio of 1.56. The firm has a market cap of $24.36 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.77 and a beta of 0.41. The stock has a 50 day moving average of $4.13 and a 200-day moving average of $4.24.

Banco Do Brasil Company Profile

Banco do Brasil SA is a Brazilian financial institution that provides banking and financial services to individuals, businesses, and government-related entities. Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, payment solutions, foreign exchange, and digital banking services.

The bank also serves corporate and institutional customers through investment banking, treasury, capital markets, asset management, insurance, and pension products.