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

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) saw a significant 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 daily volume of 108,300 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded 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 Down 2.7 %

OTCMKTS BBSEY opened at $6.05 on Friday. BB Seguridade Participações has a 12-month low of $5.38 and a 12-month high of $7.67. The company has a market capitalization of $12.10 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The firm’s 50 day moving average is $5.90 and its 200-day moving average is $6.14.

BB Seguridade Participações (OTCMKTS:BBSEY) last issued its earnings results 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 business 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%. As a group, sell-side analysts expect that BB Seguridade Participações will post 0.69 EPS 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.