BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Short Interest Down 41.3% in June

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 217,260 shares, a decrease of 41.3% from the May 31st total of 370,403 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 337,917 shares, the short-interest ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

BBSEY has been the topic of a number of recent research reports. Zacks Research lowered shares of BB Seguridade Participacoes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Itau BBA Securities upgraded shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 16th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Performance

Shares of BB Seguridade Participacoes stock opened at $7.61 on Wednesday. BB Seguridade Participacoes has a one year low of $5.80 and a one year high of $8.57. The company has a market cap of $14.77 billion, a P/E ratio of 8.75 and a beta of 0.37. The firm has a fifty day moving average of $7.21 and a two-hundred day moving average of $6.97.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its earnings results on Monday, May 4th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. The business had revenue of $471.89 million for the quarter, compared to the consensus estimate of $529.60 million. As a group, equities analysts predict that BB Seguridade Participacoes will post 0.87 earnings per share for the current year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).