Banco Bradesco S.A. (NYSE:BBDO) Short Interest Update

Banco Bradesco S.A. (NYSE:BBDO) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 102,900 shares, a drop of 5.2% from the December 31st total of 108,500 shares. Based on an average daily trading volume, of 45,400 shares, the short-interest ratio is currently 2.3 days.

Banco Bradesco Price Performance

Banco Bradesco stock traded up $0.03 during mid-day trading on Monday, reaching $2.01. The company had a trading volume of 78,453 shares, compared to its average volume of 57,922. Banco Bradesco has a fifty-two week low of $1.71 and a fifty-two week high of $2.96. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. The company has a market cap of $21.34 billion, a P/E ratio of 7.71 and a beta of 1.09. The business has a fifty day simple moving average of $1.86 and a 200 day simple moving average of $2.16.

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.0028 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 1.69%. Banco Bradesco’s dividend payout ratio (DPR) is presently 11.54%.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.