BDO Unibank, Inc. (OTCMKTS:BDOUY) Short Interest Up 340.9% in May

BDO Unibank, Inc. (OTCMKTS:BDOUY – Get Rating) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 9,700 shares, a growth of 340.9% from the April 30th total of 2,200 shares. Based on an average daily trading volume, of 24,700 shares, the short-interest ratio is presently 0.4 days.

BDO Unibank Stock Performance

Shares of BDOUY traded down $0.42 during mid-day trading on Friday, reaching $24.82. The stock had a trading volume of 1,240 shares, compared to its average volume of 6,618. The business has a fifty day moving average of $24.42 and a 200 day moving average of $24.68. BDO Unibank has a 12 month low of $17.80 and a 12 month high of $29.80.

BDO Unibank Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were paid a $4.4543 dividend. This represents a yield of 18.29%. The ex-dividend date was Friday, March 24th. This is an increase from BDO Unibank’s previous dividend of $0.09.

Analysts Set New Price Targets

Several equities analysts recently commented on BDOUY shares. JPMorgan Chase & Co. raised shares of BDO Unibank from a “neutral” rating to an “overweight” rating in a report on Monday, January 30th. The Goldman Sachs Group began coverage on shares of BDO Unibank in a research note on Tuesday, May 2nd. They set a “sell” rating for the company.

BDO Unibank Company Profile

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BDO Unibank, Inc engages in the provision of commercial banking services. It operates through the following segments: Commercial Banking, Investment Banking, Private Banking, Leasing and Financing, Insurance, and Others. The Commercial Banking segment handles the entire lending, trade financing, and cash management services for corporate and retail customers.