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

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

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Grupo Bimbo from an “underweight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Grupo Bimbo Stock Performance

Shares of OTCMKTS:BMBOY opened at $13.51 on Thursday. The business has a 50-day moving average of $14.20 and a two-hundred day moving average of $13.72. Grupo Bimbo has a 12 month low of $10.56 and a 12 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.