Banco Do Brasil SA (OTCMKTS:BDORY) Sees Significant Decrease in Short Interest

Key Points

• Short interest in Banco Do Brasil SA (OTCMKTS:BDORY) declined by 26.7% in August, falling from 774,000 shares to 567,600 shares.
• The stock currently has a market cap of $23.95 billion and a P/E ratio of 8.53, indicating potentially attractive valuation metrics.
• Banco Do Brasil's stock price is currently $4.18, with a 12-month trading range between $3.35 and $5.51.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 567,600 shares, a drop of 26.7% from the August 15th total of 774,000 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 1,714,700 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 1,714,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company's stock are sold short.

Banco Do Brasil Price Performance

Shares of Banco Do Brasil stock traded down $0.02 on Friday, reaching $4.20. The company's stock had a trading volume of 239,362 shares, compared to its average volume of 974,906. The company has a market capitalization of $24.07 billion, a P/E ratio of 8.57, a PEG ratio of 2.17 and a beta of 0.64. Banco Do Brasil has a 52-week low of $3.35 and a 52-week high of $5.51. The stock has a 50-day moving average price of $3.80 and a 200-day moving average price of $4.33. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.95.

Analyst Ratings Changes

Separately, Citigroup raised Banco Do Brasil from a "hold" rating to a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Banco Do Brasil presently has an average rating of "Hold".

About Banco Do Brasil

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.