Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Short Interest Up 19,058.3% in May

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,299 shares, a growth of 19,058.3% from the May 14th total of 12 shares. Based on an average daily volume of 832 shares, the short-interest ratio is currently 2.8 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Stock Performance

Banco Comercial Portugues stock traded up $0.10 during midday trading on Tuesday, hitting $11.10. 519 shares of the company’s stock were exchanged, compared to its average volume of 2,175. Banco Comercial Portugues has a 12-month low of $7.38 and a 12-month high of $14.89. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 12.20 and a beta of 0.38. The firm’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $10.24.

About Banco Comercial Portugues

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.