BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Short Interest Update

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 6,200 shares, a decrease of 27.1% from the December 15th total of 8,500 shares. Based on an average trading volume of 194,000 shares, the days-to-cover ratio is currently 0.0 days.

BB Seguridade Participações Price Performance

OTCMKTS BBSEY traded up $0.29 during trading hours on Thursday, hitting $6.40. The company’s stock had a trading volume of 80,197 shares, compared to its average volume of 93,001. BB Seguridade Participações has a 12 month low of $5.38 and a 12 month high of $7.67. The company’s 50 day simple moving average is $5.88 and its two-hundred day simple moving average is $6.13. The company has a market cap of $12.80 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 1.40 and a beta of 0.93.

BB Seguridade Participações (OTCMKTS:BBSEY) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. BB Seguridade Participações had a net margin of 84.97% and a return on equity of 76.95%. The firm had revenue of $474.21 million for the quarter. As a group, research analysts predict that BB Seguridade Participações will post 0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th.

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.