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

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 435,956 shares, a decrease of 44.3% from the May 31st total of 782,128 shares. Based on an average daily volume of 2,410 shares, the days-to-cover ratio is currently 180.9 days.

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

Shares of BBAJF opened at $3.10 on Friday. The business’s fifty day moving average is $3.16 and its 200 day moving average is $3.01. Banco del Bajío, S.A., Institución de Banca Múltiple has a 12-month low of $2.23 and a 12-month high of $3.38.

About Banco del Bajío, S.A., Institución de Banca Múltiple

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.