Banco Do Brasil SA (OTCMKTS:BDORY) Short Interest Down 34.1% in July

Banco Do Brasil SA (OTCMKTS:BDORY) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 609,516 shares, a drop of 34.1% from the June 30th total of 924,384 shares. Based on an average daily trading volume, of 596,543 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s shares are short sold.

Banco Do Brasil Price Performance

Shares of BDORY opened at $4.32 on Friday. Banco Do Brasil has a 52 week low of $3.35 and a 52 week high of $5.48. 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 firm has a market cap of $24.76 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.41 and a beta of 0.41. The stock has a 50 day moving average of $3.99 and a 200-day moving average of $4.43.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a net margin of 3.34% and a return on equity of 8.86%. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $7.84 billion. As a group, analysts forecast that Banco Do Brasil will post 0.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BDORY shares. The Goldman Sachs Group downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Zacks Research downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Banco Do Brasil Company Profile

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.