BANCO DO BRASIL/S (OTCMKTS:BDORY) Sees Large Increase in Short Interest

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 983,500 shares, an increase of 3,997.9% from the October 15th total of 24,000 shares. Based on an average daily trading volume, of 1,040,900 shares, the days-to-cover ratio is currently 0.9 days.

BANCO DO BRASIL/S Price Performance

BANCO DO BRASIL/S stock traded down $0.04 during midday trading on Tuesday, hitting $4.52. 404,910 shares of the company’s stock were exchanged, compared to its average volume of 257,839. BANCO DO BRASIL/S has a 52-week low of $4.45 and a 52-week high of $6.23. The stock has a 50-day moving average price of $4.85 and a two-hundred day moving average price of $4.99. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.04 and a current ratio of 1.00. The company has a market cap of $25.90 billion, a P/E ratio of 3.96, a PEG ratio of 0.96 and a beta of 1.05.

BANCO DO BRASIL/S Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, October 7th. Stockholders of record on Friday, September 13th were issued a $0.0254 dividend. The ex-dividend date of this dividend was Friday, September 13th. BANCO DO BRASIL/S’s payout ratio is currently 8.77%.

BANCO DO BRASIL/S Company Profile

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.