Banco Comercial Português, S.A. (OTCMKTS:BPCGF) Short Interest Update

Banco Comercial Português, S.A. (OTCMKTS:BPCGF) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 3,209,160 shares, a decline of 19.0% from the December 15th total of 3,961,818 shares. Based on an average trading volume of 19 shares, the days-to-cover ratio is currently 168,903.2 days. Based on an average trading volume of 19 shares, the days-to-cover ratio is currently 168,903.2 days.

Banco Comercial Português Stock Performance

Shares of OTCMKTS:BPCGF opened at $0.96 on Wednesday. The company has a 50-day moving average price of $0.94 and a two-hundred day moving average price of $0.88. Banco Comercial Português has a twelve month low of $0.50 and a twelve month high of $0.96.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “neutral” rating on shares of Banco Comercial Português in a report on Thursday, November 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Banco Comercial Português presently has an average rating of “Hold”.

Banco Comercial Português Company Profile

Banco Comercial Português, SA operates as the largest private sector bank in Portugal, conducting a broad range of banking activities under the brand Millennium bcp. The bank serves individual customers, small and medium-sized enterprises and large corporate clients through a network of branches, online channels and partner points of sale. Its core services include deposit accounts, consumer and mortgage lending, payment cards and electronic banking.

Founded in 1985 during the privatization of state-owned banking assets, Banco Comercial Português has expanded beyond its domestic market.