Short Interest in BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Rises By 150.9%

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 545,184 shares, an increase of 150.9% from the June 15th total of 217,260 shares. Based on an average daily trading volume, of 375,326 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.0% of the company’s shares are short sold.

BB Seguridade Participacoes Price Performance

Shares of OTCMKTS BBSEY opened at $7.88 on Tuesday. BB Seguridade Participacoes has a fifty-two week low of $5.80 and a fifty-two week high of $8.57. The firm has a market capitalization of $15.30 billion, a P/E ratio of 9.06 and a beta of 0.35. The company’s 50 day simple moving average is $7.31 and its 200 day simple moving average is $7.04.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Monday, May 4th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $471.89 million during the quarter, compared to analyst estimates of $529.60 million. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. Sell-side analysts expect that BB Seguridade Participacoes will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

BBSEY has been the subject of several research reports. Zacks Research cut BB Seguridade Participacoes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).