BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Short Interest Down 71.1% in May

BB Seguridade Participações S.A. (OTCMKTS:BBSEY - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 34,000 shares, a drop of 71.1% from the April 30th total of 117,800 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 203,800 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, UBS Group cut BB Seguridade Participações from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 8th.

BB Seguridade Participações Trading Down 1.4%

Shares of OTCMKTS:BBSEY traded down $0.10 during trading on Friday, hitting $6.68. 35,496 shares of the company's stock traded hands, compared to its average volume of 77,046. BB Seguridade Participações has a 52 week low of $5.38 and a 52 week high of $8.08. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 1.51 and a beta of 0.72. The company has a 50-day moving average price of $7.03 and a 200-day moving average price of $6.60.

BB Seguridade Participações (OTCMKTS:BBSEY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). BB Seguridade Participações had a net margin of 85.43% and a return on equity of 73.91%. The business had revenue of $440.93 million for the quarter, compared to the consensus estimate of $2.49 billion. On average, analysts predict that BB Seguridade Participações will post 0.71 earnings per share for the current fiscal year.

About BB Seguridade Participações

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.