BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Sees Significant Drop in Short Interest

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,800 shares, a decrease of 89.2% from the October 15th total of 25,900 shares. Based on an average daily volume of 153,400 shares, the short-interest ratio is currently 0.0 days.

BB Seguridade Participações Stock Performance

BB Seguridade Participações stock opened at $5.85 on Wednesday. The stock has a market cap of $11.70 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The stock has a 50-day moving average of $6.20 and a two-hundred day moving average of $6.24. BB Seguridade Participações has a one year low of $5.73 and a one year high of $7.67.

BB Seguridade Participações (OTCMKTS:BBSEY) last issued its earnings results on Tuesday, November 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. BB Seguridade Participações had a return on equity of 77.88% and a net margin of 84.97%. The company had revenue of $474.21 million during the quarter. As a group, sell-side analysts predict that BB Seguridade Participações will post 0.69 EPS for the current fiscal year.

BB Seguridade Participações Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, August 20th were issued a $0.2127 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a dividend yield of 3.16%. BB Seguridade Participações’s dividend payout ratio (DPR) is presently 51.19%.

Analysts Set New Price Targets

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

About BB Seguridade Participações

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.