Short Interest in BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Rises By 150.9%

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 545,184 shares, a growth of 150.9% from the June 15th total of 217,260 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 375,326 shares, the days-to-cover ratio is presently 1.5 days.

BB Seguridade Participacoes Trading Down 0.8%

Shares of BB Seguridade Participacoes stock opened at $7.88 on Tuesday. The company has a market capitalization of $15.30 billion, a PE ratio of 9.06 and a beta of 0.35. BB Seguridade Participacoes has a 12 month low of $5.80 and a 12 month high of $8.57. The stock’s fifty day simple moving average is $7.31 and its 200 day simple moving average is $7.04.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Monday, May 4th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%.The firm had revenue of $471.89 million for the quarter, compared to analyst estimates of $529.60 million. Analysts predict that BB Seguridade Participacoes will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BBSEY. Itau BBA Securities upgraded shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Zacks Research cut shares of BB Seguridade Participacoes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average 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).