BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Sees Large Drop in Short Interest

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 135,623 shares, a decline of 73.5% from the July 15th total of 511,100 shares. Based on an average daily volume of 359,177 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages recently weighed in on BBSEY. Zacks Research cut shares of BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Itau BBA Securities raised BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

BB Seguridade Participacoes Price Performance

Shares of BBSEY opened at $7.79 on Thursday. The company has a 50-day moving average of $7.79 and a two-hundred day moving average of $7.27. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 8.66 and a beta of 0.36. BB Seguridade Participacoes has a one year low of $5.80 and a one year high of $8.57.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 78.75%. The business had revenue of $508.16 million during the quarter, compared to the consensus estimate of $489.08 million. Analysts anticipate that BB Seguridade Participacoes will post 0.87 earnings per share for the current 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).