Banco Do Brasil SA (OTCMKTS:BDORY) Short Interest Down 41.9% in September

Banco Do Brasil SA (OTCMKTS:BDORY) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 250,100 shares, a decrease of 41.9% from the September 15th total of 430,300 shares. Based on an average daily trading volume, of 1,155,700 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 1,155,700 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Banco Do Brasil from a “hold” rating to a “buy” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Banco Do Brasil Stock Performance

Shares of BDORY opened at $3.87 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $22.18 billion, a P/E ratio of 7.90, a P/E/G ratio of 2.03 and a beta of 0.61. The company’s fifty day moving average is $3.98 and its two-hundred day moving average is $4.19. Banco Do Brasil has a 1 year low of $3.35 and a 1 year high of $5.51.

Banco Do Brasil 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.