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

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 102,900 shares, a decline of 5.2% from the December 15th 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 0.5 %

Shares of NYSE:BBDO traded down $0.01 during trading on Friday, reaching $1.83. 37,841 shares of the stock were exchanged, compared to its average volume of 70,324. Banco Bradesco has a 1-year low of $1.71 and a 1-year high of $2.96. The stock has a fifty day moving average of $1.91 and a two-hundred day moving average of $2.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $19.48 billion, a price-to-earnings ratio of 7.04 and a beta of 1.09.

Banco Bradesco Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.0028 per share. This represents a $0.03 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, February 5th. Banco Bradesco's dividend payout ratio is currently 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.