Short Interest in BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Grows By 96.4%

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 5,500 shares, a growth of 96.4% from the October 31st total of 2,800 shares. Based on an average daily trading volume, of 113,100 shares, the days-to-cover ratio is currently 0.0 days.

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 report on Monday, September 30th.

BB Seguridade Participações Stock Performance

OTCMKTS:BBSEY traded down $0.21 during mid-day trading on Friday, hitting $5.65. The stock had a trading volume of 38,600 shares, compared to its average volume of 57,757. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 1.71 and a beta of 1.00. BB Seguridade Participações has a twelve month low of $5.60 and a twelve month high of $7.67. The company’s 50 day simple moving average is $6.02 and its 200 day simple moving average is $6.19.

BB Seguridade Participações (OTCMKTS:BBSEY) last posted 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 company had revenue of $474.21 million during the quarter. BB Seguridade Participações had a net margin of 84.97% and a return on equity of 77.88%. As a group, equities analysts forecast that BB Seguridade Participações will post 0.69 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.