Banco Bradesco S.A. (NYSE:BBDO) Sees Large Increase in Short Interest

Banco Bradesco S.A. (NYSE:BBDO) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 2,200 shares, an increase of 120.0% from the September 30th total of 1,000 shares. Based on an average trading volume of 21,400 shares, the short-interest ratio is presently 0.1 days.

Banco Bradesco Stock Down 3.1 %

NYSE:BBDO traded down $0.07 during mid-day trading on Friday, reaching $2.28. The stock had a trading volume of 12,932 shares, compared to its average volume of 20,761. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $24.28 billion, a price-to-earnings ratio of 9.90 and a beta of 1.14. Banco Bradesco has a 1-year low of $1.95 and a 1-year high of $3.21. The stock’s 50 day simple moving average is $2.44 and its two-hundred day simple moving average is $2.31.

Banco Bradesco (NYSE:BBDO) last issued its earnings results on Monday, August 5th. The bank reported $0.09 EPS for the quarter. The company had revenue of $9.64 billion during the quarter. Banco Bradesco had a return on equity of 9.88% and a net margin of 6.68%.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 5th will be given a dividend of $0.003 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, November 5th. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is currently 8.70%.

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.