BDO Unibank, Inc. (OTCMKTS:BDOUY) Short Interest Down 44.4% in May

BDO Unibank, Inc. (OTCMKTS:BDOUY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 110,618 shares, a drop of 44.4% from the May 14th total of 199,051 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 118,745 shares, the days-to-cover ratio is presently 0.9 days.

BDO Unibank Trading Up 2.3%

Shares of OTCMKTS BDOUY opened at $19.90 on Friday. The stock has a market cap of $10.62 billion and a price-to-earnings ratio of 0.34. BDO Unibank has a 52 week low of $18.39 and a 52 week high of $29.64. The company’s 50-day moving average price is $19.54 and its 200 day moving average price is $21.50.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of BDO Unibank to a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, BDO Unibank presently has a consensus rating of “Hold”.

About BDO Unibank

BDO Unibank, Inc (OTCMKTS: BDOUY) is a universal bank in the Philippines providing a full range of banking and financial services to retail, corporate, and institutional clients. As one of the country’s largest banks by assets, BDO offers commercial banking, lending, deposit products, credit cards, cash management, and remittance services. The bank also delivers specialized solutions in corporate finance, project finance, and agricultural lending.

In addition to core banking operations, BDO maintains robust treasury and trust divisions that handle foreign exchange, money market transactions, and fiduciary services.