Short Interest in Banco Do Brasil SA (OTCMKTS:BDORY) Increases By 188.1%

Key Points

• Short interest in Banco Do Brasil increased by 188.1% in July, reaching a total of 477,400 shares, indicating a significant rise in bearish sentiment towards the stock.
• The company reported a quarterly EPS of $0.22, which missed analysts' expectations by $0.07, while revenue exceeded estimates at $6.83 billion.
• Banco Do Brasil recently declared a dividend with a yield of 745.0%, highlighting its payout ratio of 4.81% amid its financial performance.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 477,400 shares, agrowthof188.1% from the June 30th total of 165,700 shares. Based on an average daily volume of 1,296,500 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 1,296,500 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Bradesco Corretora cut Banco Do Brasil to a "neutral" rating in a research report on Friday, May 16th.

Banco Do Brasil Stock Performance

BDORY traded up $0.07 during trading on Thursday, reaching $3.56. 1,359,540 shares of the company's stock were exchanged, compared to its average volume of 736,967. The company's fifty day simple moving average is $3.90 and its 200-day simple moving average is $4.54. Banco Do Brasil has a 1 year low of $3.35 and a 1 year high of $5.51. The stock has a market capitalization of $20.40 billion, a P/E ratio of 3.42, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59. The company has a debt-to-equity ratio of 5.97, a current ratio of 1.97 and a quick ratio of 1.97.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last posted its earnings results on Thursday, May 15th. The financial services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.07). Banco Do Brasil had a return on equity of 18.72% and a net margin of 11.78%. The firm had revenue of $6.83 billion for the quarter, compared to analyst estimates of $4.74 billion. As a group, research analysts predict that Banco Do Brasil will post 1.08 earnings per share for the current fiscal year.

Banco Do Brasil Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th were issued a dividend of $0.0104 per share. This represents a dividend yield of 745.0%. The ex-dividend date of this dividend was Wednesday, June 4th. Banco Do Brasil's dividend payout ratio (DPR) is presently 4.81%.

Banco Do Brasil Company Profile

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.