Short Interest in Banco Bradesco S.A. (NYSE:BBDO) Rises By 1,500.0%

Banco Bradesco S.A. (NYSE:BBDO) was the recipient of a significant growth in short interest in 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 trading volume of 17,000 shares, the short-interest ratio is currently 3.9 days.

Banco Bradesco Stock Down 4.3 %

Shares of NYSE:BBDO opened at $2.02 on Thursday. The business’s 50 day moving average is $2.27 and its 200 day moving average is $2.27. The stock has a market cap of $21.53 billion, a P/E ratio of 8.78 and a beta of 1.14. Banco Bradesco has a 52-week low of $1.95 and a 52-week high of $3.21. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36.

Banco Bradesco Increases Dividend

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