Banco Do Brasil SA (OTCMKTS:BDORY) Short Interest Down 62.4% in August

Banco Do Brasil SA (OTCMKTS:BDORY) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,239,463 shares, a decrease of 62.4% from the August 15th total of 3,298,556 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,367,577 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Banco Do Brasil currently has a consensus rating of “Sell”.

Banco Do Brasil Price Performance

BDORY opened at $4.38 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $25.10 billion, a P/E ratio of 10.95, a PEG ratio of 0.79 and a beta of 0.41. The stock has a 50-day moving average price of $4.06 and a 200-day moving average price of $4.29. Banco Do Brasil has a 12-month low of $3.47 and a 12-month high of $5.47.

Banco Do Brasil Company Profile

Banco do Brasil SA is a Brazilian financial institution headquartered in Brasília. Founded in 1808, it is one of Brazil’s oldest banks and operates as a mixed-capital company controlled by the Brazilian federal government. The bank provides financial services to individuals, businesses, government entities and agricultural customers throughout Brazil.

Its offerings include deposit accounts, loans, mortgages, credit and debit cards, payments, foreign exchange, investment products and digital banking services.