Short Interest in Banco Bradesco S.A. (NYSE:BBDO) Drops By 5.2%

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 102,900 shares, a decline of 5.2% from the December 31st total of 108,500 shares. Based on an average daily volume of 45,400 shares, the short-interest ratio is presently 2.3 days.

Banco Bradesco Stock Down 0.7 %

Shares of BBDO stock traded down $0.02 on Wednesday, hitting $2.01. The company's stock had a trading volume of 110,100 shares, compared to its average volume of 59,151. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. Banco Bradesco has a fifty-two week low of $1.71 and a fifty-two week high of $2.96. The firm's fifty day moving average price is $1.86 and its 200-day moving average price is $2.16. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 7.71 and a beta of 1.09.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 5th will be paid a $0.0028 dividend. This represents a $0.03 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, February 5th. Banco Bradesco's payout ratio is presently 11.54%.

Banco Bradesco Company Profile

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.