Banco Bradesco SA (NYSE:BBDO) Short Interest Up 119.5% in July

Banco Bradesco SA (NYSE:BBDO) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 3,141 shares, an increase of 119.5% from the June 30th total of 1,431 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 74,861 shares, the short-interest ratio is presently 0.0 days.

Banco Bradesco Stock Performance

Shares of BBDO traded up $0.05 during mid-day trading on Thursday, hitting $3.25. The stock had a trading volume of 218,795 shares, compared to its average volume of 77,049. Banco Bradesco has a fifty-two week low of $2.37 and a fifty-two week high of $3.80. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17. The company has a market cap of $34.42 billion, a PE ratio of 8.33 and a beta of 0.56. The company’s fifty day simple moving average is $3.06 and its two-hundred day simple moving average is $3.28.

Banco Bradesco (NYSE:BBDO) last posted its quarterly earnings results on Wednesday, May 6th. The bank reported $0.12 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 8.95%.The business had revenue of $13.07 billion for the quarter.

Banco Bradesco Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.0034 per share. The ex-dividend date is Wednesday, August 5th. This represents a c) annualized dividend and a yield of 1.2%. Banco Bradesco’s payout ratio is presently 20.51%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Institutional Trading of Banco Bradesco

Institutional investors and hedge funds have recently modified their holdings of the business. Intergy Private Wealth LLC acquired a new position in shares of Banco Bradesco in the 4th quarter valued at about $30,000. Cetera Investment Advisers acquired a new stake in Banco Bradesco during the fourth quarter worth about $32,000. Renaissance Technologies LLC bought a new position in Banco Bradesco in the fourth quarter worth about $34,000. Tocqueville Asset Management L.P. bought a new position in Banco Bradesco in the fourth quarter worth about $37,000. Finally, SmartHarvest Portfolios LLC acquired a new position in Banco Bradesco in the fourth quarter valued at approximately $39,000.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.