Banco Do Brasil SA (OTCMKTS:BDORY) Short Interest Down 62.4% in August

Banco Do Brasil SA (OTCMKTS:BDORY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,239,463 shares, a decline of 62.4% from the August 15th total of 3,298,556 shares. Based on an average daily trading volume, of 1,367,577 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Sell”.

Banco Do Brasil Stock Performance

OTCMKTS:BDORY opened at $4.42 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $25.33 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.79 and a beta of 0.41. The firm’s fifty day simple moving average is $4.05 and its 200 day simple moving average is $4.30. Banco Do Brasil has a twelve month low of $3.47 and a twelve month high of $5.47.

Banco Do Brasil Company Profile

Banco do Brasil SA is a Brazilian financial institution headquartered in Brasília. Founded in 1808, it is one of Brazil’s oldest banks and operates as a mixed-capital company controlled by the Brazilian federal government. The bank provides financial services to individuals, businesses, government entities and agricultural customers throughout Brazil.

Its offerings include deposit accounts, loans, mortgages, credit and debit cards, payments, foreign exchange, investment products and digital banking services.