BDO Unibank, Inc. (OTCMKTS:BDOUY) Sees Large Growth in Short Interest

BDO Unibank, Inc. (OTCMKTS:BDOUY) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 60,982 shares, a growth of 359.9% from the October 15th total of 13,261 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 163,469 shares, the days-to-cover ratio is currently 0.4 days.

BDO Unibank Price Performance

OTCMKTS:BDOUY opened at $19.08 on Friday. The firm has a 50-day moving average of $18.36 and a two-hundred day moving average of $20.09. BDO Unibank has a 1-year low of $17.06 and a 1-year high of $25.29.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BDOUY shares. The Goldman Sachs Group downgraded BDO Unibank to a “neutral” rating in a report on Wednesday, July 29th. Zacks Research upgraded BDO Unibank from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

About BDO Unibank

BDO Unibank, Inc. is a Philippine universal bank that provides financial services to individuals, businesses, and institutions. Its offerings include deposit accounts, consumer and business loans, credit cards, payments, foreign-exchange services, and wealth and trust management. The bank also serves corporate and institutional clients through services such as treasury, investment banking, cash management, and trade finance. Its operations are centered in the Philippines, with an international presence that supports customers and business activity across borders.