Short Interest in BDO Unibank, Inc. (OTCMKTS:BDOUY) Declines By 60.4%

BDO Unibank, Inc. (OTCMKTS:BDOUY) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 28,102 shares, a decline of 60.4% from the June 30th total of 71,053 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 92,921 shares, the days-to-cover ratio is presently 0.3 days.

BDO Unibank Stock Performance

Shares of BDOUY stock opened at $21.01 on Wednesday. The stock’s 50-day moving average is $20.23 and its two-hundred day moving average is $21.11. The firm has a market cap of $11.21 billion and a price-to-earnings ratio of 0.34. BDO Unibank has a 1 year low of $18.39 and a 1 year high of $27.19.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded BDO Unibank from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus 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.