Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Stock Short Interest Declines 84.1%

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 668 shares, a decline of 84.1% from the October 15th total of 4,206 shares. Based on an average daily trading volume, of 6,909 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Banco Comercial Portugues Stock Performance

Shares of BPCGY opened at $12.89 on Thursday. The stock’s 50-day moving average price is $13.39 and its two-hundred day moving average price is $11.69. Banco Comercial Portugues has a 1 year low of $9.09 and a 1 year high of $15.00.

Analysts Set New Price Targets

Several brokerages recently issued reports on BPCGY. The Goldman Sachs Group upgraded shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 14th. Zacks Research lowered Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Banco Comercial Portugues

Banco Comercial Português, commonly known as Millennium bcp, is a Portuguese banking group serving individuals, businesses and institutional clients. Its services include deposit accounts, consumer and mortgage lending, payment cards, money transfers, investment and wealth management, and corporate and investment banking. Founded in 1985, the group operates primarily in Portugal. Its international activities include Poland, where it operates through Bank Millennium, and Mozambique, where it has a stake in Banco Comercial e de Investimentos.