Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Stock Short Interest Climbs 1,488.9%

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,003 shares, an increase of 1,488.9% from the September 15th total of 189 shares. Based on an average trading volume of 4,460 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BPCGY. The Goldman Sachs Group lowered Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Zacks Research raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Banco Comercial Portugues Stock Down 2.3%

Shares of Banco Comercial Portugues stock traded down $0.31 on Friday, reaching $13.06. The stock had a trading volume of 970 shares, compared to its average volume of 1,793. The stock has a market capitalization of $19.33 billion, a P/E ratio of 14.35 and a beta of 0.39. The company has a 50 day moving average price of $13.53 and a 200 day moving average price of $11.94. Banco Comercial Portugues has a 1 year low of $8.71 and a 1 year high of $15.00.

Banco Comercial Portugues Company Profile

Banco Comercial Português, SA, operating under the Millennium bcp brand, is a Portuguese banking group headquartered in Porto, Portugal. Founded in 1985, it has grown into one of Portugal’s leading private-sector financial institutions and is listed on Euronext Lisbon. The group provides banking and financial services to individuals, businesses, institutions and corporate clients.

Its principal activities include retail and commercial banking, consumer finance, mortgages, business lending, payments, deposits, investment banking, private banking and asset management.