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

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) saw a significant decrease in short interest during 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 169 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Grupo Bimbo to a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Grupo Bimbo Price Performance

Shares of BMBOY stock opened at $13.83 on Friday. 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 is $13.58 and its 200-day moving average is $13.66. The company has a current ratio of 0.89, a quick ratio of 0.69 and a debt-to-equity ratio of 1.45.

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.