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

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 384 shares, a decline of 58.8% from the June 30th total of 933 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,013 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

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

Grupo Bimbo Price Performance

Grupo Bimbo stock opened at $13.86 on Wednesday. The company’s 50 day moving average price is $13.26 and its two-hundred day moving average price is $13.62. Grupo Bimbo has a 52 week low of $11.45 and a 52 week 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.