BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Short Interest Up 407.8% in October

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 25,900 shares, a growth of 407.8% from the September 30th total of 5,100 shares. Based on an average daily trading volume, of 84,500 shares, the days-to-cover ratio is currently 0.3 days.

BB Seguridade Participações Trading Down 0.5 %

OTCMKTS:BBSEY traded down $0.03 on Friday, hitting $5.98. The company had a trading volume of 22,372 shares, compared to its average volume of 49,466. The firm has a 50 day moving average of $6.36 and a two-hundred day moving average of $6.29. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 1.83 and a beta of 0.99. BB Seguridade Participações has a 52 week low of $5.73 and a 52 week high of $7.67.

BB Seguridade Participações (OTCMKTS:BBSEY) last announced its earnings results on Friday, August 2nd. The company reported $0.21 earnings per share for the quarter. The business had revenue of $483.13 million during the quarter. BB Seguridade Participações had a net margin of 85.25% and a return on equity of 78.54%. As a group, equities analysts forecast that BB Seguridade Participações will post 0.69 EPS for the current year.

BB Seguridade Participações Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, August 20th were given a dividend of $0.2127 per share. This represents a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, August 19th. BB Seguridade Participações’s payout ratio is currently 51.81%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th.

BB Seguridade Participações Company Profile

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.