BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Sees Large Decrease in Short Interest

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 6,200 shares, a drop of 27.1% from the December 15th total of 8,500 shares. Based on an average daily trading volume, of 194,000 shares, the days-to-cover ratio is currently 0.0 days.

BB Seguridade Participações Price Performance

BB Seguridade Participações stock traded up $0.29 during mid-day trading on Thursday, reaching $6.40. 80,197 shares of the company traded hands, compared to its average volume of 93,001. BB Seguridade Participações has a 52-week low of $5.38 and a 52-week high of $7.67. The firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 1.40 and a beta of 0.93. The firm’s 50 day moving average price is $5.88 and its 200 day moving average price is $6.13.

BB Seguridade Participações (OTCMKTS:BBSEY) last posted its quarterly earnings data 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. The business had revenue of $474.21 million during the quarter. BB Seguridade Participações had a return on equity of 76.95% and a net margin of 84.97%. On average, sell-side analysts anticipate that BB Seguridade Participações will post 0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised 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.