Short Interest in BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Decreases By 27.1%

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 6,200 shares, a drop of 27.1% from the December 15th total of 8,500 shares. Based on an average daily volume of 194,000 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th.

BB Seguridade Participações Stock Up 4.7 %

OTCMKTS:BBSEY traded up $0.29 during trading hours on Friday, reaching $6.40. 80,197 shares of the stock were exchanged, compared to its average volume of 73,545. BB Seguridade Participações has a 52 week low of $5.38 and a 52 week high of $7.67. The stock has a market capitalization of $12.80 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.40 and a beta of 0.93. The firm has a 50 day simple moving average of $5.89 and a 200-day simple moving average of $6.13.

BB Seguridade Participações (OTCMKTS:BBSEY) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. BB Seguridade Participações had a net margin of 84.97% and a return on equity of 76.95%. The firm had revenue of $474.21 million during the quarter. As a group, analysts expect that BB Seguridade Participações will post 0.66 earnings per share for the current year.

About BB Seguridade Participações

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.