Short Interest in BANCO DO BRASIL/S (OTCMKTS:BDORY) Declines By 9.6%

BANCO DO BRASIL/S (OTCMKTS:BDORY) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 831,900 shares, a decline of 9.6% from the November 15th total of 920,200 shares. Based on an average trading volume of 851,400 shares, the short-interest ratio is presently 1.0 days.

BANCO DO BRASIL/S Price Performance

OTCMKTS BDORY opened at $4.00 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.04 and a debt-to-equity ratio of 1.57. BANCO DO BRASIL/S has a 12 month low of $3.95 and a 12 month high of $6.23. The stock has a market cap of $22.92 billion, a price-to-earnings ratio of 3.54, a PEG ratio of 1.63 and a beta of 1.03. The company’s 50 day moving average is $4.47 and its two-hundred day moving average is $4.80.

BANCO DO BRASIL/S Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be paid a dividend of $0.0227 per share. The ex-dividend date of this dividend is Friday, December 13th. BANCO DO BRASIL/S’s dividend payout ratio (DPR) is 22.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BDORY shares. The Goldman Sachs Group downgraded BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. Citigroup downgraded shares of 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.