Short Interest in Betterware de Mexico SAPI de C (NYSE:BWMX) Grows By 17.0%

Betterware de Mexico SAPI de C (NYSE:BWMX) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 28,972 shares, a growth of 17.0% from the February 12th total of 24,766 shares. Based on an average daily volume of 127,047 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 127,047 shares, the days-to-cover ratio is currently 0.2 days.

Betterware de Mexico SAPI de C Stock Performance

Shares of Betterware de Mexico SAPI de C stock opened at $17.02 on Thursday. The business’s fifty day simple moving average is $17.79 and its 200 day simple moving average is $15.20. The firm has a market capitalization of $635.19 million, a P/E ratio of 11.58 and a beta of 1.26. Betterware de Mexico SAPI de C has a 12 month low of $7.00 and a 12 month high of $19.79. The company has a current ratio of 0.92, a quick ratio of 0.44 and a debt-to-equity ratio of 2.46.

Betterware de Mexico SAPI de C (NYSE:BWMX) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.18). Betterware de Mexico SAPI de C had a net margin of 7.35% and a return on equity of 87.14%. The business had revenue of $212.26 million during the quarter.

Betterware de Mexico SAPI de C Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Monday, March 9th will be given a dividend of $0.3103 per share. The ex-dividend date is Monday, March 9th. This represents a $1.24 annualized dividend and a yield of 7.3%. Betterware de Mexico SAPI de C’s dividend payout ratio is presently 76.19%.

Institutional Trading of Betterware de Mexico SAPI de C

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Betterware de Mexico SAPI de C by 7.0% in the fourth quarter. State Street Corp now owns 90,082 shares of the company’s stock valued at $1,280,000 after acquiring an additional 5,881 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Betterware de Mexico SAPI de C by 11.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company’s stock valued at $862,000 after acquiring an additional 6,274 shares during the period. Finally, Quattro Financial Advisors LLC increased its stake in shares of Betterware de Mexico SAPI de C by 42.9% during the 4th quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company’s stock worth $710,000 after purchasing an additional 15,000 shares during the last quarter. Institutional investors own 12.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BWMX shares. Weiss Ratings upgraded Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Freedom Capital raised shares of Betterware de Mexico SAPI de C to a “strong-buy” rating in a report on Friday, January 2nd. Finally, Zacks Research upgraded shares of Betterware de Mexico SAPI de C from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Betterware de Mexico SAPI de C currently has a consensus rating of “Strong Buy”.

About Betterware de Mexico SAPI de C

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.