Short Interest in Banco Bradesco S.A. (NYSE:BBDO) Declines By 5.2%

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

Banco Bradesco Price Performance

BBDO opened at $1.83 on Friday. The company has a market capitalization of $19.48 billion, a price-to-earnings 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. Banco Bradesco has a 12-month low of $1.71 and a 12-month high of $2.96. 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 firm also recently announced a monthly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.0028 per share. This represents a $0.03 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Wednesday, February 5th. Banco Bradesco’s dividend payout ratio (DPR) is 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.