Short Interest in Companhia Brasileira de Distribuicao (CBD) Decreases By 36.4%

Companhia Brasileira de Distribuicao (NYSE:CBD) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 552,716 shares, a decrease of 36.4% from the October 31st total of 869,063 shares. Based on an average daily volume of 347,266 shares, the short-interest ratio is presently 1.6 days.

Shares of Companhia Brasileira de Distribuicao (NYSE CBD) opened at $21.85 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.18 and a quick ratio of 0.98. The firm has a market capitalization of $5,936.68, a P/E ratio of 24.24, a P/E/G ratio of 1.29 and a beta of 1.84. Companhia Brasileira de Distribuicao has a 52 week low of $14.83 and a 52 week high of $25.90.

The business also recently declared a special dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 11th will be paid a $0.0968 dividend. The ex-dividend date is Friday, December 8th. This is an increase from Companhia Brasileira de Distribuicao’s previous special dividend of $0.06. Companhia Brasileira de Distribuicao’s dividend payout ratio is presently 106.45%.

A number of research analysts have commented on the company. Zacks Investment Research raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, August 30th. UBS upgraded Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 21st. Finally, Credit Suisse Group upgraded Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.00.

Several institutional investors have recently bought and sold shares of the stock. Harding Loevner LP grew its stake in shares of Companhia Brasileira de Distribuicao by 0.7% in the 3rd quarter. Harding Loevner LP now owns 6,466,540 shares of the company’s stock worth $153,063,000 after buying an additional 47,850 shares during the last quarter. INCA Investments LLC boosted its stake in Companhia Brasileira de Distribuicao by 16.3% during the 2nd quarter. INCA Investments LLC now owns 1,878,300 shares of the company’s stock valued at $36,721,000 after purchasing an additional 263,800 shares during the last quarter. Brandes Investment Partners LP boosted its stake in Companhia Brasileira de Distribuicao by 2.9% during the 2nd quarter. Brandes Investment Partners LP now owns 1,832,486 shares of the company’s stock valued at $35,825,000 after purchasing an additional 51,358 shares during the last quarter. Vanguard Group Inc. boosted its stake in Companhia Brasileira de Distribuicao by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,701,006 shares of the company’s stock valued at $33,255,000 after purchasing an additional 59,100 shares during the last quarter. Finally, BT Investment Management Ltd boosted its stake in Companhia Brasileira de Distribuicao by 43.9% during the 3rd quarter. BT Investment Management Ltd now owns 1,039,313 shares of the company’s stock valued at $24,601,000 after purchasing an additional 316,855 shares during the last quarter. Institutional investors own 3.33% of the company’s stock.

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About Companhia Brasileira de Distribuicao

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

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