Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Decreases By 81.9%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 401 shares, a decrease of 81.9% from the February 12th total of 2,219 shares. Based on an average daily trading volume, of 1,534 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 1,534 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Grupo Bimbo from an “underweight” rating to an “overweight” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Grupo Bimbo Price Performance

Shares of OTCMKTS BMBOY remained flat at $13.51 during midday trading on Wednesday. 764 shares of the stock were exchanged, compared to its average volume of 1,077. The firm has a fifty day moving average price of $14.19 and a 200-day moving average price of $13.72. Grupo Bimbo has a twelve month low of $10.56 and a twelve month high of $15.82.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) is a Mexican multinational bakery products company founded in 1945 and headquartered in Mexico City. Over the decades, it has grown into one of the world’s largest baking firms by sales volume and operates as a publicly traded company on the Mexican Stock Exchange with an American depositary receipt program trading over the counter. The company’s origins trace back to a small bakery in Mexico City, and it has since expanded its footprint through organic growth and strategic acquisitions.

The company’s core business encompasses the production, marketing and distribution of a broad array of baked goods.