Banco Bradesco S.A. (NYSE:BBDO) Short Interest Down 5.2% in January

Banco Bradesco S.A. (NYSE:BBDO) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 102,900 shares, a decrease of 5.2% from the December 31st total of 108,500 shares. Based on an average trading volume of 45,400 shares, the days-to-cover ratio is currently 2.3 days.

Banco Bradesco Stock Up 1.3 %

NYSE:BBDO opened at $2.01 on Tuesday. The stock’s fifty day simple moving average is $1.86 and its 200-day simple moving average is $2.16. The firm has a market capitalization of $21.34 billion, a P/E ratio of 7.71 and a beta of 1.09. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36. Banco Bradesco has a 12-month low of $1.71 and a 12-month high of $2.96.

Banco Bradesco Cuts Dividend

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