BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Sees Significant Decrease in Short Interest

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 217,260 shares, a drop of 41.3% from the May 31st total of 370,403 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 337,917 shares, the short-interest ratio is presently 0.6 days.

BB Seguridade Participacoes Price Performance

OTCMKTS BBSEY traded up $0.07 on Thursday, reaching $7.46. 201,495 shares of the company’s stock traded hands, compared to its average volume of 143,703. BB Seguridade Participacoes has a 12 month low of $5.80 and a 12 month high of $8.57. The stock has a 50-day simple moving average of $7.21 and a 200 day simple moving average of $6.97. The stock has a market cap of $14.48 billion, a PE ratio of 8.57 and a beta of 0.35.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $471.89 million during the quarter, compared to analyst estimates of $529.60 million. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. As a group, analysts anticipate that BB Seguridade Participacoes will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BBSEY shares. Zacks Research downgraded shares of BB Seguridade Participacoes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Itau BBA Securities upgraded shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).