Banco Bradesco S.A. (NYSE:BBDO) Sees Significant Growth in Short Interest

Banco Bradesco S.A. (NYSE:BBDO) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 65,600 shares, a growth of 1,500.0% from the October 31st total of 4,100 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is presently 3.9 days.

Banco Bradesco Trading Down 4.7 %

Shares of BBDO traded down $0.10 during midday trading on Wednesday, hitting $2.01. The stock had a trading volume of 63,460 shares, compared to its average volume of 21,459. Banco Bradesco has a 1 year low of $1.95 and a 1 year high of $3.21. The firm has a market cap of $21.42 billion, a PE ratio of 9.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50 day moving average is $2.27 and its 200 day moving average is $2.27.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be paid a $0.003 dividend. This represents a $0.04 annualized dividend and a yield of 1.79%. The ex-dividend date is Wednesday, December 4th. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 8.70%.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.