Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Sees Large Increase in Short Interest

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 1,303,278 shares, a growth of 174.6% from the January 15th total of 474,620 shares. Based on an average daily volume of 83,255 shares, the short-interest ratio is currently 15.7 days. Based on an average daily volume of 83,255 shares, the short-interest ratio is currently 15.7 days.

Banco del Bajío, S.A., Institución de Banca Múltiple Price Performance

Shares of BBAJF opened at $3.00 on Friday. The stock’s 50 day moving average is $2.76 and its two-hundred day moving average is $2.53. Banco del Bajío, S.A., Institución de Banca Múltiple has a twelve month low of $2.16 and a twelve month high of $3.00.

About Banco del Bajío, S.A., Institución de Banca Múltiple

Banco del Bajío, SA, Institución de Banca Múltiple operates as a full-service Mexican commercial bank, offering a broad range of financial products and services to corporate, small- and medium-sized enterprises (SMEs) and individual clients. The institution’s core business activities include commercial lending, working capital loans, mortgage financing, trade finance, leasing and factoring. In addition to traditional deposit accounts, savings instruments and debit/credit card services, the bank provides treasury and foreign exchange solutions designed to support domestic and export-oriented businesses.

Founded in 1994 and headquartered in León, Guanajuato, Banco del Bajío has grown from a regional lender into one of Mexico’s prominent mid-tier banks.