Banco Bradesco S.A. (NYSE:BBDO) Short Interest Down 5.2% in December

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

Banco Bradesco Stock Down 0.5 %

Shares of NYSE BBDO opened at $1.83 on Tuesday. Banco Bradesco has a 12-month low of $1.71 and a 12-month high of $2.96. The stock has a market cap of $19.48 billion, a P/E ratio of 7.04 and a beta of 1.09. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $1.91 and its 200-day simple moving average is $2.17.

Banco Bradesco Cuts Dividend

The business 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. This represents a $0.03 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, February 5th. Banco Bradesco’s payout ratio is presently 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.