Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Sees Large Decrease in Short Interest

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 668 shares, a decrease of 84.1% from the October 15th total of 4,206 shares. Based on an average daily volume of 6,909 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research downgraded Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group upgraded shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Banco Comercial Portugues Stock Performance

Banco Comercial Portugues stock opened at $12.75 on Friday. The stock’s 50 day moving average price is $13.36 and its 200 day moving average price is $11.71. Banco Comercial Portugues has a 1-year low of $9.09 and a 1-year high of $15.00.

About Banco Comercial Portugues

Banco Comercial Português, commonly known as Millennium bcp, is a Portuguese banking group serving individuals, businesses and institutional clients. Its services include deposit accounts, consumer and mortgage lending, payment cards, money transfers, investment and wealth management, and corporate and investment banking. Founded in 1985, the group operates primarily in Portugal. Its international activities include Poland, where it operates through Bank Millennium, and Mozambique, where it has a stake in Banco Comercial e de Investimentos.