Short Interest in Itaú Unibanco Holding S.A. (NYSE:ITUB) Drops By 10.4%

( ) saw a notable decrease in short-term interest during the month May. On May 31, there were 24,240,000 shorted shares. This is a 10.4% decrease from the total of 27,050,000 on May 15. Around 0.5% of shares are short-sold. The short-interest rate is currently 0.9 days based on an average daily share volume of 26280,000.

Itau Unibanco: Institutional investors weigh in

Recently, several institutional investors changed their stock positions. Alterna Wealth Management Inc. increased its holdings in Itau Unibanco shares by 5.0% during first quarter. Alterna Wealth Management Inc. owns 44 338 shares worth $216,000, after adding 2,094 more shares during the last quarter. Brandywine Global Investment Management LLC increased its holdings in Itau Unibanco shares by 202.0% over the first quarter. Brandywine Global Investment Management LLC owns 165 379 shares worth $805 000 after purchasing 110 620 additional shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Itau Unibanco shares by 3.1% during first quarter. JPMorgan Chase & Co. owns 15,941,016 of the bank’s stock, worth $77.632,000. This is after acquiring 483,166 additional shares during the last quarter. New York State Common Retirement Fund increased their holdings of Itau Unibanco shares by 1,472.9% during the first quarter. New York State Common Retirement Fund owns now 542,043 of the bank’s stock valued at $2,640,000, after purchasing additional 507,582 during the period. Boston Common Asset Management LLC also increased its stake in Itau Unibanco shares by 55.0% during the first quarter. Boston Common Asset Management LLC owns 2,969.433 shares worth $14.461,000, after buying an additional 1,054,273 during the period. Morgan Stanley also downgraded Itau Unbanco in a research report published on Friday, 19th May from an "overweight" rating to one of "equal weight".

Itau Unibanco Price Performance

The price of the stock remained unchanged at $5.90 on Friday. The trading volume was 18,296,873 compared to the average of 20,794,554. Itau Unibanco's 52-week low is $3.90, and its 52-week high is $6.07. The debt-to equity ratio for the company is 2.40. Its quick ratio is 1.57, and its current ratio is 1.57. The 50-day average price of the company is $5.30, and its 200-day average price is $4.97. The firm has a market cap of $57.82 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.80 and a beta of 0.68.

The last time ) released its quarterly earnings was on Monday, 8th May. The bank's $0.14 per share for the quarter was $0.17 below the consensus estimate. Revenue for the firm was $6.94 billion, which is lower than analysts' expectations of $7.1 billion. Itau Unibanco's net margin was 10.38%, and its return on equity was 17.88%. Analysts in the equity research industry expect Itau Unibanco to post 0.7 earnings per share for its current fiscal year.

Itau Unibanco increases dividend

A Variable Dividend was also announced by the business, and will be paid out on Tuesday, 5th September. Dividends will be paid to shareholders who were in the record books on Wednesday, 21st June. The dividend is payable on Tuesday, June 20th. Itau Unibanco increased its previous Variable Dividend of $0.04 to this amount. Itau Unibanco has a dividend payout ratio of 5.08%.

Itau Unibanco

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Itau Unibanco Holding SA provides a wide range of financial services and products to both individuals and corporations in Brazil and abroad. The company is divided into three segments, Retail Banking, Wholesale Banking and Activities with Market + Corporation. The company offers services such as current accounts, loans, credit and debit cards, investment and commercial banking; real estate lending; financing and investing services; economic and financial advisory services; leasing and foreign currency services.

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