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

Key Points

• BB Seguridade Participacoes SA experienced a significant increase in short interest of 139.2% in September, with the total reaching 227,200 shares as of September 15th.
• The company has a market cap of $12.66 billion and reported earnings of $0.22 per share for the last quarter, exceeding estimates.
• BB Seguridade recently declared a $0.3327 dividend, yielding about 1,065.0%, with a payout ratio of 83.75%.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 227,200 shares, a growth of 139.2% from the August 31st total of 95,000 shares. Based on an average daily volume of 176,400 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 176,400 shares, the days-to-cover ratio is currently 1.3 days.

BB Seguridade Participacoes Stock Performance

Shares of BB Seguridade Participacoes stock traded up $0.10 during midday trading on Friday, reaching $6.33. 30,750 shares of the company's stock traded hands, compared to its average volume of 63,856. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. BB Seguridade Participacoes has a 52 week low of $5.38 and a 52 week high of $8.08. The company's 50 day simple moving average is $6.16 and its 200 day simple moving average is $6.58.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.65 billion. As a group, equities research analysts predict that BB Seguridade Participacoes will post 0.71 earnings per share for the current year.

BB Seguridade Participacoes Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were paid a $0.3327 dividend. This represents a dividend yield of 1,065.0%. The ex-dividend date of this dividend 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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