Banco Bradesco S.A. (NYSE:BBDO) Short Interest Update

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 198,000 shares, an increase of 92.4% from the December 31st total of 102,900 shares. Based on an average trading volume of 51,700 shares, the days-to-cover ratio is currently 3.8 days.

Banco Bradesco Trading Up 0.7 %

BBDO stock traded up $0.02 during trading on Tuesday, hitting $2.03. 34,195 shares of the company traded hands, compared to its average volume of 56,817. The company has a 50-day moving average of $1.86 and a 200-day moving average of $2.16. Banco Bradesco has a 1 year low of $1.71 and a 1 year high of $2.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $21.55 billion, a PE ratio of 7.79 and a beta of 1.09.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.0028 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.03 annualized dividend and a yield of 1.67%. Banco Bradesco's payout ratio is 11.54%.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.