BB Seguridade Participacoes SA (OTCMKTS:BBSEY) Short Interest Down 31.4% in September

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 155,900 shares, a drop of 31.4% from the September 15th total of 227,200 shares. Based on an average daily volume of 91,500 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 91,500 shares, the days-to-cover ratio is currently 1.7 days.

BB Seguridade Participacoes Trading Up 1.0%

Shares of BBSEY stock opened at $6.00 on Friday. The business’s 50-day moving average price is $6.07 and its 200-day moving average price is $6.48. BB Seguridade Participacoes has a 12 month low of $5.38 and a 12 month high of $8.08. The firm has a market capitalization of $12 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 2.15 and a beta of 0.63.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. BB Seguridade Participacoes had a return on equity of 79.42% and a net margin of 86.36%.The firm had revenue of $489.90 million for the quarter, compared to analyst estimates of $2.65 billion. On average, sell-side analysts predict that BB Seguridade Participacoes will post 0.71 earnings per share for the current fiscal year.

BB Seguridade Participacoes Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.3327 per share. This represents a dividend yield of 1,065.0%. The ex-dividend date of this dividend was Monday, August 18th. BB Seguridade Participacoes’s dividend payout ratio (DPR) is presently 83.75%.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.