Companhia Brasileira De Distribuicao (NYSE:CBD – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 913,800 shares, a growth of 30.9% from the July 31st total of 698,300 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is currently 0.9 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Companhia Brasileira De Distribuicao in a research note on Friday, August 25th. They issued a “hold” rating for the company.
Get Our Latest Analysis on Companhia Brasileira De Distribuicao
Hedge Funds Weigh In On Companhia Brasileira De Distribuicao
Hedge funds and other institutional investors have recently modified their holdings of the stock. Banco BTG Pactual S.A. lifted its stake in Companhia Brasileira De Distribuicao by 820.0% in the 2nd quarter. Banco BTG Pactual S.A. now owns 1,840,093 shares of the company’s stock worth $7,084,000 after purchasing an additional 1,640,093 shares in the last quarter. Millennium Management LLC grew its holdings in Companhia Brasileira De Distribuicao by 59.3% during the 2nd quarter. Millennium Management LLC now owns 1,414,300 shares of the company’s stock valued at $4,384,000 after buying an additional 526,393 shares in the last quarter. UBS Group AG increased its…
