BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Shares Shorted: Short Interest Up 48.2% in September

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 95,060 shares, an increase of 48.2% from the August 31st total of 64,163 shares. Based on an average trading volume of 160,096 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research raised shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Citigroup lowered shares of BB Seguridade Participacoes to a “sell” rating in a report on Friday, September 11th. Finally, Itau BBA Securities upgraded shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BB Seguridade Participacoes presently has an average rating of “Reduce”.

BB Seguridade Participacoes Stock Performance

OTCMKTS BBSEY opened at $7.67 on Thursday. The firm has a market capitalization of $14.89 billion, a PE ratio of 8.52 and a beta of 0.38. BB Seguridade Participacoes has a one year low of $5.89 and a one year high of $8.57. The company has a 50-day simple moving average of $7.83 and a 200-day simple moving average of $7.43.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $508.16 million during the quarter, compared to analyst estimates of $489.08 million. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%. Equities analysts forecast that BB Seguridade Participacoes will post 0.87 earnings per share for the current year.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, and related financial-protection businesses. The company operates through subsidiaries and investee companies that offer products designed to protect individuals, families, farmers, and businesses against a range of risks.

Its activities include the distribution and brokerage of insurance products, including life, property, rural, auto, and other coverage, as well as private pension and capitalization products.