Short Interest in Banco Bradesco S.A. (NYSE:BBDO) Expands By 43.1%

Banco Bradesco S.A. (NYSE:BBDOGet Free Report) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 57,100 shares, an increase of 43.1% from the January 15th total of 39,900 shares. Based on an average daily volume of 39,700 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Banco Bradesco

Several hedge funds have recently modified their holdings of BBDO. Citadel Advisors LLC purchased a new stake in shares of Banco Bradesco during the 2nd quarter worth approximately $32,000. QRG Capital Management Inc. purchased a new stake in shares of Banco Bradesco during the 3rd quarter worth approximately $32,000. Envestnet Asset Management Inc. purchased a new stake in shares of Banco Bradesco during the 3rd quarter worth approximately $36,000. Jane Street Group LLC bought a new position in shares of Banco Bradesco during the 1st quarter valued at approximately $56,000. Finally, Schechter Investment Advisors LLC bought a new position in shares of Banco Bradesco during the 3rd quarter valued at approximately $63,000. 0.01% of the stock is owned by hedge funds and other institutional investors.

Banco Bradesco Stock Up 3.9 %

NYSE BBDO opened at $2.65 on Tuesday. The stock’s 50 day moving average is $2.93 and its 200 day moving average is $2.77. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. Banco Bradesco has a 12 month low of $2.12 and a 12 month high of $3.21. The stock has a market cap of $28.24 billion, a PE ratio of 12.62 and a beta of 1.12.

Banco Bradesco Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, April 8th. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.0035 per share. The ex-dividend date of this dividend is Monday, March 4th. This represents a dividend yield of 6%. Banco Bradesco’s dividend payout ratio (DPR) is 14.29%.

About Banco Bradesco

(Get Free Report)

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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.

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