BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Short Interest Up 407.8% in October

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 25,900 shares, an increase of 407.8% from the September 30th total of 5,100 shares. Based on an average daily volume of 84,500 shares, the short-interest ratio is presently 0.3 days.

BB Seguridade Participações Trading Up 1.0 %

BB Seguridade Participações stock traded up $0.06 during mid-day trading on Friday, hitting $6.01. The company had a trading volume of 771,411 shares, compared to its average volume of 49,594. BB Seguridade Participações has a 12-month low of $5.73 and a 12-month high of $7.67. The company’s fifty day moving average is $6.37 and its 200-day moving average is $6.29. The company has a market capitalization of $12.02 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 1.83 and a beta of 0.99.

BB Seguridade Participações (OTCMKTS:BBSEY) last announced its earnings results on Friday, August 2nd. The company reported $0.21 earnings per share for the quarter. The business had revenue of $483.13 million during the quarter. BB Seguridade Participações had a return on equity of 78.54% and a net margin of 85.25%. As a group, sell-side analysts expect that BB Seguridade Participações will post 0.69 EPS for the current fiscal year.

BB Seguridade Participações Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.2127 per share. This represents a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, August 19th. BB Seguridade Participações’s payout ratio is 51.81%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th.

BB Seguridade Participações Company Profile

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.