Short Interest in BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Decreases By 41.3%

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 217,260 shares, a drop of 41.3% from the May 31st total of 370,403 shares. Based on an average daily trading volume, of 337,917 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

BB Seguridade Participacoes Stock Up 1.4%

BB Seguridade Participacoes stock opened at $7.49 on Friday. BB Seguridade Participacoes has a 52 week low of $5.80 and a 52 week high of $8.57. The business has a 50-day simple moving average of $7.21 and a 200 day simple moving average of $6.98. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 8.61 and a beta of 0.35.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its earnings results on Monday, May 4th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $471.89 million for the quarter, compared to analyst estimates of $529.60 million. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%. On average, research analysts anticipate that BB Seguridade Participacoes will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on BBSEY. Zacks Research lowered BB Seguridade Participacoes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Itau BBA Securities upgraded 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, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About BB Seguridade Participacoes

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).