Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) Stock Short Interest Falls 69.6%

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 189 shares, a decrease of 69.6% from the August 31st total of 622 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,825 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Several brokerages recently weighed in on BPCGY. Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. The Goldman Sachs Group cut shares of Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Banco Comercial Portugues Stock Down 0.3%

OTCMKTS BPCGY traded down $0.04 during trading hours on Monday, hitting $13.85. 254 shares of the company were exchanged, compared to its average volume of 1,671. The company has a 50 day moving average of $13.27 and a two-hundred day moving average of $11.64. Banco Comercial Portugues has a 52-week low of $8.71 and a 52-week high of $15.00. The firm has a market cap of $20.50 billion, a price-to-earnings ratio of 15.22 and a beta of 0.40.

Banco Comercial Portugues Company Profile

Banco Comercial Português, SA, commonly known as Millennium bcp, is a Portugal-based banking group that provides financial products and services to individuals, businesses and institutional clients. Its offerings include current and savings accounts, consumer and mortgage lending, credit cards, payment services, insurance, investment products and wealth management.

The group also serves corporate and institutional customers through commercial lending, cash management, trade finance, investment banking and capital-markets services.