BANCO DO BRASIL/S (OTCMKTS:BDORY) Sees Significant Drop in Short Interest

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 619,100 shares, a drop of 16.5% from the December 15th total of 741,400 shares. Based on an average daily volume of 850,600 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. Citigroup cut BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th.

BANCO DO BRASIL/S Stock Down 3.2 %

Shares of BANCO DO BRASIL/S stock opened at $4.17 on Friday. BANCO DO BRASIL/S has a 52-week low of $3.72 and a 52-week high of $6.23. The firm’s 50 day moving average price is $4.17 and its 200-day moving average price is $4.64. The company has a market cap of $23.90 billion, a P/E ratio of 3.69, a PEG ratio of 1.33 and a beta of 1.02.

BANCO DO BRASIL/S Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were issued a dividend of $0.0227 per share. The ex-dividend date of this dividend was Friday, December 13th. BANCO DO BRASIL/S’s dividend payout ratio is presently 7.96%.

About BANCO DO BRASIL/S

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.