Banco Bradesco S.A. (NYSE:BBDO) Sees Large Drop in Short Interest

Banco Bradesco S.A. (NYSE:BBDO) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 102,900 shares, a drop of 5.2% from the December 15th total of 108,500 shares. Based on an average daily trading volume, of 45,400 shares, the short-interest ratio is currently 2.3 days.

Banco Bradesco Stock Down 0.5 %

Banco Bradesco stock opened at $1.83 on Monday. Banco Bradesco has a fifty-two week low of $1.71 and a fifty-two week high of $2.96. The company has a market cap of $19.48 billion, a PE ratio of 7.04 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. The business’s 50-day simple moving average is $1.91 and its two-hundred day simple moving average is $2.17.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be paid a $0.0028 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 1.85%. Banco Bradesco’s payout ratio is currently 11.54%.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.