Banco Bradesco S.A. (NYSE:BBDO) Short Interest Update

Banco Bradesco S.A. (NYSE:BBDO) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 65,600 shares, a growth of 1,500.0% from the October 31st total of 4,100 shares. Based on an average daily trading volume, of 17,000 shares, the days-to-cover ratio is presently 3.9 days.

Banco Bradesco Trading Down 4.3 %

NYSE BBDO opened at $2.02 on Friday. The firm has a market capitalization of $21.53 billion, a PE ratio of 8.78 and a beta of 1.14. The business’s 50-day moving average price is $2.26 and its two-hundred day moving average price is $2.27. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. Banco Bradesco has a 12 month low of $1.95 and a 12 month high of $3.21.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.003 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Wednesday, December 4th. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is currently 8.70%.

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.