Short Interest in BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Increases By 203.6%

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 8,500 shares, a growth of 203.6% from the November 30th total of 2,800 shares. Based on an average daily trading volume, of 149,800 shares, the days-to-cover ratio is presently 0.1 days.

BB Seguridade Participações Stock Performance

Shares of OTCMKTS:BBSEY traded up $0.14 during trading hours on Thursday, hitting $5.95. 40,978 shares of the company’s stock traded hands, compared to its average volume of 52,316. The company’s fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $6.13. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 1.49 and a beta of 0.98. BB Seguridade Participações has a 52 week low of $5.38 and a 52 week high of $7.67.

BB Seguridade Participações (OTCMKTS:BBSEY) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $474.21 million for the quarter. BB Seguridade Participações had a return on equity of 77.88% and a net margin of 84.97%. On average, analysts anticipate that BB Seguridade Participações will post 0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th.

About BB Seguridade Participações

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.