BANCO DO BRASIL/S (OTCMKTS:BDORY) Sees Significant Decline in Short Interest

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 619,100 shares, a decline of 16.5% from the December 31st total of 741,400 shares. Based on an average trading volume of 850,600 shares, the short-interest ratio is presently 0.7 days.

BANCO DO BRASIL/S Trading Up 1.7 %

Shares of BDORY traded up $0.08 during trading hours on Thursday, reaching $4.80. The stock had a trading volume of 1,287,750 shares, compared to its average volume of 528,560. BANCO DO BRASIL/S has a 12 month low of $3.72 and a 12 month high of $6.23. The firm has a 50-day simple moving average of $4.17 and a 200 day simple moving average of $4.62. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 4.25, a P/E/G ratio of 1.46 and a beta of 1.02.

BANCO DO BRASIL/S Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were paid a dividend of $0.0227 per share. The ex-dividend date was Friday, December 13th. BANCO DO BRASIL/S’s payout ratio is currently 7.96%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BDORY. The Goldman Sachs Group cut BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. Citigroup lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

About BANCO DO BRASIL/S

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.