Short Interest in BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Increases By 95.9%

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 177,877 shares, a growth of 95.9% from the April 15th total of 90,807 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 311,373 shares, the days-to-cover ratio is presently 0.6 days.

BB Seguridade Participacoes Stock Performance

Shares of BBSEY opened at $7.01 on Friday. The firm has a market cap of $13.61 billion, a PE ratio of 8.06 and a beta of 0.38. The firm’s 50 day moving average price is $6.90 and its 200 day moving average price is $6.75. BB Seguridade Participacoes has a twelve month low of $5.80 and a twelve month high of $8.58.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $471.89 million for the quarter, compared to analyst estimates of $529.60 million. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 83.33%. On average, sell-side analysts anticipate that BB Seguridade Participacoes will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BBSEY has been the subject of a number of research analyst reports. Itau BBA Securities lowered shares of BB Seguridade Participacoes to an “underperform” rating in a research report on Wednesday, April 15th. Zacks Research raised shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, The Goldman Sachs Group lowered shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BB Seguridade Participacoes presently has a consensus rating of “Hold”.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).