Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Sees Large Increase in Short Interest

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,260,700 shares, an increase of 486.8% from the July 30th total of 385,278 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analysts Set New Price Targets

BBAJF has been the subject of several analyst reports. Itau BBA Securities cut shares of Banco del Bajío, S.A., Institución de Banca Múltiple from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 18th. HSBC cut Banco del Bajío, S.A., Institución de Banca Múltiple from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Banco del Bajío, S.A., Institución de Banca Múltiple Stock Performance

Shares of OTCMKTS:BBAJF opened at $3.19 on Wednesday. The firm’s 50 day simple moving average is $3.21 and its 200 day simple moving average is $3.15. Banco del Bajío, S.A., Institución de Banca Múltiple has a fifty-two week low of $2.42 and a fifty-two week high of $3.38.

Banco del Bajío, S.A., Institución de Banca Múltiple Company Profile

Banco del Bajío, SA, Institución de Banca Múltiple operates as a full-service Mexican commercial bank, offering a broad range of financial products and services to corporate, small- and medium-sized enterprises (SMEs) and individual clients. The institution’s core business activities include commercial lending, working capital loans, mortgage financing, trade finance, leasing and factoring. In addition to traditional deposit accounts, savings instruments and debit/credit card services, the bank provides treasury and foreign exchange solutions designed to support domestic and export-oriented businesses.

Founded in 1994 and headquartered in León, Guanajuato, Banco del Bajío has grown from a regional lender into one of Mexico’s prominent mid-tier banks.