Companhia Brasileira De Distribuicao (NYSE:CBD - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,360,000 shares, an increase of 44.7% from the February 29th total of 940,100 shares. Based on an average trading volume of 333,000 shares, the days-to-cover ratio is currently 4.1 days.
Companhia Brasileira De Distribuicao Stock Performance
Shares of NYSE CBD traded down $0.01 during trading on Friday, reaching $0.63. The stock had a trading volume of 144,937 shares, compared to its average volume of 248,048. The firm's 50 day moving average price is $0.72 and its two-hundred day moving average price is $0.72. Companhia Brasileira De Distribuicao has a one year low of $0.58 and a one year high of $4.76. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 0.89.
Institutional Trading of Companhia Brasileira De Distribuicao
A number of institutional investors and hedge funds have recently modified their holdings of CBD. Qube Research & Technologies Ltd bought a new stake in shares of Companhia Brasileira De Distribuicao in the 3rd quarter worth approximately $27,000. Freedom Investment Management Inc. boosted its holdings in shares of Companhia Brasileira De Distribuicao by 225.8% during the fourth quarter. Freedom Investment Management Inc. now owns 41,786 shares of the company's stock valued at $33,000 after acquiring an additional 28,959 shares during the period. Millennium Management LLC bought a new position in shares of Companhia Brasileira De Distribuicao during the fourth quarter worth about $35,000. US Bancorp DE increased its holdings in shares of Companhia Brasileira De Distribuicao by 1,396.0% in the 4th quarter. US Bancorp DE now owns 46,197 shares of the company's stock worth $37,000 after acquiring an additional 43,109 shares during the period. Finally, Eqis Capital Management Inc. bought a new stake in Companhia Brasileira De Distribuicao in the 2nd quarter valued at about $47,000. 2.44% of the stock is owned by institutional investors and hedge funds.
About Companhia Brasileira De Distribuicao
(
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Companhia Brasileira De Distribuicao engages in the operation of supermarkets, specialized stores, and department stores in Brazil. It sells food products, including non-perishables, beverages, fruits, vegetables, meat, bread, cold cuts, and dairy products; and non-food products, such as cleaning supplies, disposable products, personal care products, and pet supplies under its private label and third-party brands.
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