Companhia Brasileira De Distribuicao (NYSE:CBD – Get Free Report) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 861,900 shares, a growth of 795.0% from the November 30th total of 96,300 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 398,500 shares, the short-interest ratio is presently 2.2 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd acquired a new position in Companhia Brasileira De Distribuicao during the 3rd quarter worth about $27,000. Millennium Management LLC acquired a new position in Companhia Brasileira De Distribuicao during the 4th quarter worth about $35,000. Eqis Capital Management Inc. bought a new stake in Companhia Brasileira De Distribuicao during the 2nd quarter worth about $47,000. WINTON GROUP Ltd raised its holdings in Companhia Brasileira De Distribuicao by 139.8% during the 3rd quarter. WINTON GROUP Ltd now owns 74,488 shares of the company’s stock worth $50,000 after purchasing an additional 43,431 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Companhia Brasileira De Distribuicao during the 1st quarter worth about $53,000. Institutional investors and hedge funds own 4.63% of the company’s stock.
Analysts Set New Price Targets
CBD has been…
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