Short Interest in BANCO DO BRASIL/S (OTCMKTS:BDORY) Declines By 16.5%

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 619,100 shares, a decline of 16.5% from the December 15th total of 741,400 shares. Based on an average daily trading volume, of 850,600 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BDORY shares. The Goldman Sachs Group lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. Citigroup downgraded shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

BANCO DO BRASIL/S Stock Performance

Shares of BANCO DO BRASIL/S stock traded up $0.01 on Friday, reaching $4.31. 794,636 shares of the company were exchanged, compared to its average volume of 338,386. BANCO DO BRASIL/S has a 1-year low of $3.72 and a 1-year high of $6.23. The firm has a market cap of $24.70 billion, a price-to-earnings ratio of 3.81, a P/E/G ratio of 1.33 and a beta of 1.02. The company’s 50-day moving average is $4.17 and its two-hundred day moving average is $4.65.

BANCO DO BRASIL/S Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were given a dividend of $0.0227 per share. The ex-dividend date of this dividend was Friday, December 13th. BANCO DO BRASIL/S’s dividend payout ratio is currently 7.96%.

About BANCO DO BRASIL/S

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.