Short Interest in BANCO DO BRASIL/S (OTCMKTS:BDORY) Declines By 73.9%

Posted by Latisha Jones on Jul 12th, 2024

BANCO DO BRASIL/S (OTCMKTS:BDORY – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 2,900 shares, a decline of 73.9% from the June 15th total of 11,100 shares. Based on an average daily volume of 405,900 shares, the days-to-cover ratio is presently 0.0 days.

BANCO DO BRASIL/S Stock Performance

BDORY traded down $0.11 during trading on Friday, reaching $4.90. 498,448 shares of the company’s stock were exchanged, compared to its average volume of 219,898. The company’s fifty day moving average price is $5.11 and its 200-day moving average price is $5.64. The firm has a market capitalization of $28.08 billion, a PE ratio of 4.41, a P/E/G ratio of 0.87 and a beta of 1.07. BANCO DO BRASIL/S has a fifty-two week low of $4.44 and a fifty-two week high of $6.23.

BANCO DO BRASIL/S (OTCMKTS:BDORY – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. BANCO DO BRASIL/S had a return on equity of 19.16% and a net margin of 11.65%. The business had revenue of $13.92 billion during the quarter. Research analysts forecast that BANCO DO BRASIL/S will post 1.29 earnings per share for the current fiscal year.

BANCO DO BRASIL/S Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, July 8th. Shareholders of record on Monday, June 17th were paid a $0.0331 dividend. The ex-dividend date was Monday, June 17th. BANCO DO BRASIL/S’s payout ratio is presently 16.74%.

BANCO DO BRASIL/S Company Profile

(Get Free Report)

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.