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

Banco Do Brasil SA (OTCMKTS:BDORY) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 609,516 shares, a decrease of 34.1% from the June 30th total of 924,384 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 596,543 shares, the short-interest ratio is currently 1.0 days.

Banco Do Brasil Stock Performance

Shares of BDORY opened at $4.21 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $24.13 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 0.39 and a beta of 0.41. The firm’s fifty day simple moving average is $3.99 and its two-hundred day simple moving average is $4.43. Banco Do Brasil has a 12 month low of $3.35 and a 12 month high of $5.48.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings data on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%.The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $7.84 billion. As a group, analysts predict that Banco Do Brasil will post 0.64 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on BDORY shares. Zacks Research lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock 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.