Short Interest Watching: Banco Bradesco S A (NYSE:BBD) Shorts Decreased by 7.66% After Short Covering

November 25, 2016 - By Louis Casey   ·   0 Comments

Short Interest Watching: Banco Bradesco S A (NYSE:BBD) Shorts Decreased by 7.66% After Short Covering

The stock of Banco Bradesco S A (NYSE:BBD) registered a decrease of 7.66% in short interest. BBD’s total short interest was 18.04 million shares in November as published by FINRA. Its down 7.66% from 19.53M shares, reported previously. With 12.52M shares average volume, it will take short sellers 1 days to cover their BBD’s short positions. The short interest to Banco Bradesco S A’s float is 0.47%. About 1.17 million shares traded hands. Banco Bradesco SA (ADR) (NYSE:BBD) has risen 22.13% since April 22, 2016 and is uptrending. It has outperformed by 16.72% the S&P500.

Banco Bradesco SA is a Brazil-based commercial bank . The company has a market cap of $46.54 billion. The Bank offers a range of banking and financial services and products in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international firms and institutions. It has a 8.9 P/E ratio. The Bank operates and manages its business through two divisions: the banking segment, and the insurance, pension plans and capitalization bond segment.

Banco Bradesco SA (ADR) (NYSE:BBD) Ratings Coverage

Out of 6 analysts covering Banco Bradesco SA (NYSE:BBD), 2 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 33% are positive. Banco Bradesco SA has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, September 21 by Goldman Sachs. The firm has “Buy” rating by Bank of America given on Monday, March 14. On Tuesday, March 15 the stock rating was initiated by Scotia Capital with “Underperform”. On Monday, May 2 the stock rating was maintained by Goldman Sachs with “Neutral”. The firm earned “Buy” rating on Monday, October 12 by Deutsche Bank. The company was downgraded on Tuesday, March 22 by Deutsche Bank. The firm has “Sell” rating given on Friday, April 8 by Citigroup.

BBD Company Profile

Banco Bradesco S.A. (Bradesco), incorporated on January 5, 1943, is a commercial bank. The Firm offers a range of banking and financial services and products in Brazil and abroad to individuals, large, mid‑sized and small companies, and local and international firms and institutions. The Firm operates and manages its business through two divisions: the banking segment, and the insurance, pension plans and capitalization bond segment. In its banking segment, the Company offers a range of banking services and products to its clients, including deposit-taking, granting of loans and advance payments, debit and credit card services, and capital market solutions, through its distribution network. The Company’s services and products comprise banking operations, such as loans and advances and deposit‑taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services.

More news for Banco Bradesco SA (ADR) (NYSE:BBD) were recently published by: Investorplace.com, which released: “Why Banco Bradesco SA (ADR) (BBD), Coca-Cola Enterprises Inc (CCE) and Great …” on May 31, 2016. Marketwatch.com‘s article titled: “Banco Bradesco S/A Pref ADR” and published on December 21, 2009 is yet another important article.

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By Louis Casey


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