Banco Bradesco S.A. (NYSE:BBDO) Sees Significant Growth in Short Interest

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

Banco Bradesco Trading Down 4.7 %

Shares of BBDO stock traded down $0.10 on Wednesday, hitting $2.01. 63,460 shares of the stock traded hands, compared to its average volume of 21,459. The firm’s 50-day moving average price is $2.27 and its two-hundred day moving average price is $2.27. 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 stock has a market capitalization of $21.42 billion, a PE ratio of 9.17 and a beta of 1.14. Banco Bradesco has a twelve month low of $1.95 and a twelve month high of $3.21.

Banco Bradesco Increases Dividend

The business 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 $0.003 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 1.79%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is presently 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.