Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Sees Significant Decline in Short Interest

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 416 shares, a decrease of 73.9% from the May 14th total of 1,592 shares. Based on an average trading volume of 2,915 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Grupo Bimbo to a “hold” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Grupo Bimbo Price Performance

Shares of OTCMKTS:BMBOY traded up $0.19 on Friday, hitting $13.60. The company had a trading volume of 4,406 shares, compared to its average volume of 2,104. Grupo Bimbo has a 1-year low of $10.60 and a 1-year high of $15.82. The stock has a 50 day moving average price of $13.36 and a 200 day moving average price of $13.58.

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.