Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Down 68.8% in May

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 1,592 shares, a drop of 68.8% from the April 30th total of 5,108 shares. Based on an average daily trading volume, of 3,518 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

Grupo Bimbo Price Performance

OTCMKTS BMBOY opened at $13.86 on Monday. Grupo Bimbo has a 52-week low of $10.60 and a 52-week high of $15.82. The business’s 50-day moving average price is $13.36 and its 200 day moving average price is $13.59.

Analysts Set New Price Targets

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

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.