Short Interest in BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Increases By 203.6%

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 8,500 shares, an increase of 203.6% from the November 30th total of 2,800 shares. Based on an average daily trading volume, of 149,800 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

BB Seguridade Participações Stock Down 0.8 %

Shares of BBSEY traded down $0.05 during mid-day trading on Friday, hitting $5.90. 223,159 shares of the company’s stock were exchanged, compared to its average volume of 53,002. BB Seguridade Participações has a 52 week low of $5.38 and a 52 week high of $7.67. The stock’s 50-day simple moving average is $5.87 and its 200-day simple moving average is $6.13. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.98.

BB Seguridade Participações (OTCMKTS:BBSEY) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $474.21 million for the quarter. BB Seguridade Participações had a return on equity of 77.88% and a net margin of 84.97%. Analysts forecast that BB Seguridade Participações will post 0.67 earnings per share for the current fiscal year.

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.