While this happened, JP Morgan upgraded its Companhia de Saneamento Basico do Estado de Sao Paulo. ADR [SBS] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. JP Morgan also remained covering SBS and has decreased its forecast on April 06, 2020 with a “Neutral” recommendation from previously “an Overweight” rating. Goldman started covering the stock on November 14, 2019. It rated SBS as “a Neutral”.
Price Performance Review of SBS
On Monday, Companhia de Saneamento Basico do Estado de Sao Paulo. ADR [NYSE:SBS] saw its stock jump 0.10% to $20.30. Over the last five days, the stock has gained 8.50%. Companhia de Saneamento Basico do Estado de Sao Paulo. ADR shares have risen nearly 41.66% since the year began. Nevertheless, the stocks have risen 28.79% over the past one year. While a 52-week high of $20.33 was reached on 04/28/25, a 52-week low of $13.10 was recorded on 01/03/25. SMA at 50 days reached $17.64, while 200 days put it at $16.47.
Levels Of Support And Resistance For SBS Stock
The 24-hour chart illustrates a support level at 20.14, which if violated will result in even more drops to 19.99. On the upside, there is a resistance level at 20.43. A further resistance level may holdings at 20.56. The Relative Strength Index (RSI) on the 14-day chart is 73.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.58%. Stochastics %K at 98.04% indicates the stock is a selling.
How much short interest is there in Companhia de Saneamento Basico do Estado de Sao Paulo. ADR?
A steep rise in short interest was recorded in Companhia de Saneamento Basico do Estado de Sao Paulo. ADR stocks on 2025-04-15, dropping by -1.86 million shares to a total of 2.96 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 4.82 million shares. There was a decline of -63.0%, which implies that there is a negative sentiment for the stock.
