BANCO DO BRASIL/S (OTCMKTS:BDORY) Short Interest Update

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 619,100 shares, a drop of 16.5% from the December 15th total of 741,400 shares. Based on an average daily trading volume, of 850,600 shares, the short-interest ratio is currently 0.7 days.

BANCO DO BRASIL/S Stock Performance

Shares of OTCMKTS BDORY traded up $0.01 during mid-day trading on Thursday, hitting $4.31. 794,636 shares of the stock were exchanged, compared to its average volume of 564,143. The company has a market cap of $24.70 billion, a P/E ratio of 3.81, a PEG ratio of 1.33 and a beta of 1.02. BANCO DO BRASIL/S has a twelve month low of $3.72 and a twelve month high of $6.23. The stock’s fifty day simple moving average is $4.17 and its two-hundred day simple moving average is $4.65.

BANCO DO BRASIL/S Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 13th were given a dividend of $0.0227 per share. The ex-dividend date of this dividend was Friday, December 13th. BANCO DO BRASIL/S’s payout ratio is presently 7.96%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BDORY shares. The Goldman Sachs Group lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. Citigroup cut BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

About BANCO DO BRASIL/S

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.