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

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

Wall Street Analysts Forecast Growth

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.

BB Seguridade Participações Price Performance

Shares of BB Seguridade Participações stock traded up $0.25 during trading on Wednesday, hitting $6.27. The stock had a trading volume of 226,972 shares, compared to its average volume of 97,785. BB Seguridade Participações has a 12 month low of $5.38 and a 12 month high of $7.67. The firm’s fifty day simple moving average is $5.88 and its 200-day simple moving average is $6.13. The stock has a market cap of $12.54 billion, a PE ratio of 7.46, a PEG ratio of 1.49 and a beta of 0.93.

BB Seguridade Participações (OTCMKTS:BBSEY) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company 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 expect that BB Seguridade Participações will post 0.67 earnings per share for the current fiscal 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.