Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Decreases By 61.8%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 169 shares, a decrease of 61.8% from the July 30th total of 442 shares. Based on an average trading volume of 169 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded Grupo Bimbo to a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Grupo Bimbo presently has an average rating of “Moderate Buy”.

Grupo Bimbo Stock Down 2.7%

Shares of Grupo Bimbo stock opened at $13.83 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.89 and a debt-to-equity ratio of 1.45. Grupo Bimbo has a 1-year low of $12.18 and a 1-year high of $15.82. The firm’s 50-day moving average price is $13.58 and its two-hundred day moving average price is $13.66.

About Grupo Bimbo

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.