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

Key Points

• Short interest in BB Seguridade Participacoes SA increased by 64.9% in August, with total short interest reaching 118,100 shares.
• The company reported $0.22 earnings per share for the latest quarter, beating estimates and showing strong net margins of 86.36%.
• BB Seguridade recently declared a dividend of $0.3327, reflecting a yield of 1,065.0% and a payout ratio of 83.75%.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 118,100 shares, anincreaseof64.9% from the July 31st total of 71,600 shares. Based on an average daily trading volume, of 124,600 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 124,600 shares, the days-to-cover ratio is currently 0.9 days.

BB Seguridade Participacoes Stock Up 0.5%

BBSEY traded up $0.03 during trading on Monday, hitting $5.93. 93,852 shares of the company traded hands, compared to its average volume of 62,041. The firm has a market cap of $11.86 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. The stock's fifty day moving average is $6.25 and its 200 day moving average is $6.66. BB Seguridade Participacoes has a one year low of $5.38 and a one year high of $8.08.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $489.90 million during the quarter, compared to analyst estimates of $2.65 billion. BB Seguridade Participacoes had a net margin of 86.36% and a return on equity of 79.42%. On average, equities research analysts forecast that BB Seguridade Participacoes will post 0.71 EPS for the current fiscal year.

BB Seguridade Participacoes Cuts Dividend

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

About BB Seguridade Participacoes

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.