Banco Bradesco S.A. (NYSE:BBDO – Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 57,400 shares, a growth of 22.6% from the June 30th total of 46,800 shares. Based on an average daily trading volume, of 24,700 shares, the days-to-cover ratio is presently 2.3 days.
Banco Bradesco Price Performance
Shares of NYSE:BBDO remained flat at $2.06 during trading on Tuesday. The stock had a trading volume of 46,220 shares, compared to its average volume of 21,411. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50 day moving average price of $2.14 and a two-hundred day moving average price of $2.40. Banco Bradesco has a 1-year low of $2.00 and a 1-year high of $3.21.
Banco Bradesco (NYSE:BBDO – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The bank reported $0.08 earnings per share for the quarter. The company had revenue of $9.64 billion for the quarter. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%.
Banco Bradesco Cuts Dividend
Hedge Funds Weigh In On Banco Bradesco
A hedge fund recently bought a new stake in Banco Bradesco stock. Advisors Preferred LLC bought a new position in Banco Bradesco S.A. (NYSE:BBDO – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 26,161 shares of the bank’s stock, valued at approximately $79,000.
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.
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