Banco Bradesco S.A. (NYSE:BBDO) Sees Large Growth in Short Interest

Banco Bradesco S.A. (NYSE:BBDO) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 190,500 shares, an increase of 64.4% from the February 13th total of 115,900 shares. Based on an average trading volume of 66,000 shares, the short-interest ratio is currently 2.9 days. Approximately 0.0% of the shares of the stock are short sold.

Banco Bradesco Price Performance

NYSE:BBDO traded up $0.07 during mid-day trading on Friday, hitting $1.97. 40,075 shares of the stock traded hands, compared to its average volume of 36,023. The business’s 50-day moving average price is $1.90 and its 200 day moving average price is $2.09. The company has a market cap of $20.91 billion, a PE ratio of 6.55 and a beta of 1.04. Banco Bradesco has a 12-month low of $1.71 and a 12-month high of $2.67. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be paid a dividend of $0.003 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.04 annualized dividend and a yield of 1.82%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is currently 6.67%.

Hedge Funds Weigh In On Banco Bradesco

Hedge funds have recently bought and sold shares of the company. Northern Trust Corp grew its stake in Banco Bradesco by 8.9% in the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after buying an additional 9,627 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Banco Bradesco by 402.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock worth $74,000 after buying an additional 33,126 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new position in Banco Bradesco in the 4th quarter worth approximately $25,000.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.