Short Interest in BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Decreases By 49.1%

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,800 shares, a drop of 49.1% from the November 15th total of 5,500 shares. Based on an average trading volume of 108,300 shares, the days-to-cover ratio is presently 0.0 days.

BB Seguridade Participações Stock Performance

Shares of BBSEY stock opened at $6.05 on Friday. The company has a market capitalization of $12.10 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The company’s 50 day moving average price is $5.90 and its two-hundred day moving average price is $6.14. BB Seguridade Participações has a 52 week low of $5.38 and a 52 week high of $7.67.

BB Seguridade Participações (OTCMKTS:BBSEY) last announced its earnings results on Tuesday, November 5th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $474.21 million for the quarter. BB Seguridade Participações had a net margin of 84.97% and a return on equity of 77.88%. Analysts forecast that BB Seguridade Participações will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

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

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.