Banco Comercial Português, S.A. (OTCMKTS:BPCGF) Sees Significant Growth in Short Interest

Banco Comercial Português, S.A. (OTCMKTS:BPCGF) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 35,298,500 shares, a growth of 38.7% from the September 30th total of 25,448,300 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 176,492.5 days. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 176,492.5 days.

Analysts Set New Price Targets

Separately, Citigroup restated a “neutral” rating on shares of Banco Comercial Português in a research note on Monday, August 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Banco Comercial Português Price Performance

BPCGF stock opened at $0.90 on Monday. The firm has a fifty day moving average price of $0.88 and a 200 day moving average price of $0.79. Banco Comercial Português has a fifty-two week low of $0.50 and a fifty-two week high of $0.90.

About Banco Comercial Português

Banco Comercial Português, SA engages in the provision of various banking and financial products and services in Portugal and internationally. It operates through Retail Banking; Companies and Corporate; Private Banking; Foreign Business; and Other segments. It offers a range of financial products and services, including current accounts, payment systems, savings and investment products, private banking, asset management, and investment banking services, such as mortgage loans, personal loans, commercial banking, leasing, factoring, and insurance.