Short Interest in BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Drops By 89.2%

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,800 shares, a drop of 89.2% from the October 15th total of 25,900 shares. Based on an average daily volume of 153,400 shares, the days-to-cover ratio is currently 0.0 days.

BB Seguridade Participações Price Performance

Shares of OTCMKTS:BBSEY traded down $0.11 during mid-day trading on Thursday, reaching $5.74. 131,957 shares of the company were exchanged, compared to its average volume of 49,168. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 1.77 and a beta of 1.00. BB Seguridade Participações has a 1 year low of $5.68 and a 1 year high of $7.67. The firm’s 50-day simple moving average is $6.19 and its 200 day simple moving average is $6.24.

BB Seguridade Participações (OTCMKTS:BBSEY) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $474.21 million during the quarter. BB Seguridade Participações had a return on equity of 77.88% and a net margin of 84.97%. On average, research analysts forecast that BB Seguridade Participações will post 0.69 earnings per share for the current fiscal year.

BB Seguridade Participações Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 9th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.2127 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 3.16%. BB Seguridade Participações’s dividend payout ratio (DPR) is presently 51.19%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th.

BB Seguridade Participações Company Profile

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.