Short Interest in BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Rises By 158.5%

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 370,403 shares, an increase of 158.5% from the May 14th total of 143,265 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 312,009 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Zacks Research upgraded shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Itau BBA Securities downgraded shares of BB Seguridade Participacoes to an “underperform” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BB Seguridade Participacoes has an average rating of “Hold”.

BB Seguridade Participacoes Trading Down 0.1%

Shares of BB Seguridade Participacoes stock opened at $7.45 on Friday. BB Seguridade Participacoes has a 12-month low of $5.80 and a 12-month high of $8.58. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 8.56 and a beta of 0.37. The firm’s 50 day simple moving average is $7.05 and its two-hundred day simple moving average is $6.86.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $471.89 million for 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%. On average, sell-side analysts predict that BB Seguridade Participacoes will post 0.87 EPS for the current fiscal year.

BB Seguridade Participacoes Company Profile

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).