BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Short Interest Update

Key Points

• BB Seguridade Participacoes SA experienced a **19.6% decline in short interest** in August, with the total short interest falling to 95,000 shares.
• The company's recent quarterly earnings report showed **$0.22 earnings per share (EPS)**, surpassing analysts' expectations of $0.19, while revenue was significantly below expectations at **$489.90 million**.
• BB Seguridade Participacoes recently declared a **dividend of $0.3327**, resulting in an impressive **dividend yield of 1,065.0%** despite an 83.75% payout ratio.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 95,000 shares, a decline of 19.6% from the August 15th total of 118,100 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 129,000 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 129,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company's stock are short sold.

BB Seguridade Participacoes Stock Performance

Shares of BBSEY stock opened at $6.16 on Thursday. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 2.24 and a beta of 0.68. BB Seguridade Participacoes has a 52 week low of $5.38 and a 52 week high of $8.08. The company has a 50-day simple moving average of $6.16 and a 200 day simple moving average of $6.63.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. BB Seguridade Participacoes had a net margin of 86.36% and a return on equity of 79.42%. The business had revenue of $489.90 million during the quarter, compared to analysts' expectations of $2.65 billion. Sell-side analysts forecast that BB Seguridade Participacoes will post 0.71 EPS for the current year.

BB Seguridade Participacoes Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were given a $0.3327 dividend. This represents a dividend yield of 1,065.0%. The ex-dividend date was Monday, August 18th. BB Seguridade Participacoes's dividend payout ratio (DPR) is 83.75%.

BB Seguridade Participacoes Company Profile

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.

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