BANCO DO BRASIL/S (OTCMKTS:BDORY) Sees Significant Decline in Short Interest

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 619,100 shares, a decrease of 16.5% from the December 15th total of 741,400 shares. Based on an average daily volume of 850,600 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

Several research firms have recently weighed in on BDORY. Citigroup downgraded BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group lowered shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

BANCO DO BRASIL/S Stock Down 3.2 %

BDORY opened at $4.17 on Friday. The business has a fifty day moving average of $4.17 and a 200 day moving average of $4.64. BANCO DO BRASIL/S has a 52-week low of $3.72 and a 52-week high of $6.23. The stock has a market cap of $23.90 billion, a P/E ratio of 3.69, a PEG ratio of 1.33 and a beta of 1.02.

BANCO DO BRASIL/S Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were issued a $0.0227 dividend. The ex-dividend date was Friday, December 13th. BANCO DO BRASIL/S’s payout ratio is presently 7.96%.

BANCO DO BRASIL/S Company Profile

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.