Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) Short Interest Down 47.3% in April

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF – Get Rating) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 1,838,000 shares, a decline of 47.3% from the March 31st total of 3,490,700 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 6,126.7 days.

GRBMF stock remained flat at $$3.00 during midday trading on Friday. The business has a 50 day simple moving average of $2.91 and a 200 day simple moving average of $2.93. Grupo Bimbo has a 52-week low of $1.99 and a 52-week high of $3.35.

Grupo Bimbo Company Profile (Get Rating)

Grupo Bimbo, SAB. de C.V., together with its subsidiaries, produces, distributes, and sells various bakery products. The company offers fresh and frozen sliced bread, buns and rolls, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks, confectionery products, pastries, and other products.

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