BANCO DO BRASIL/S (OTCMKTS:BDORY - Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 619,100 shares, a decrease of 16.5% from the December 15th total of 741,400 shares. Based on an average trading volume of 850,600 shares, the short-interest ratio is currently 0.7 days.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. The Goldman Sachs Group cut shares of BANCO DO BRASIL/S from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 5th. Citigroup lowered shares of BANCO DO BRASIL/S from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 5th.
Read Our Latest Stock Analysis on BANCO DO BRASIL/S
BANCO DO BRASIL/S Trading Up 0.2 %
OTCMKTS:BDORY traded up $0.01 during mid-day trading on Thursday, hitting $4.31. 794,636 shares of the company's stock traded hands, compared to its average volume of 564,143. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 3.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. The firm has a 50 day moving average of $4.17 and a two-hundred day moving average of $4.65. BANCO DO BRASIL/S has a 12 month low of $3.72 and a 12 month high of $6.23.
BANCO DO BRASIL/S Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were given a $0.0227 dividend. The ex-dividend date of this dividend was Friday, December 13th. BANCO DO BRASIL/S's dividend payout ratio is 7.96%.
About BANCO DO BRASIL/S
(
Get Free Report)
Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.
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