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

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,605 shares, a growth of 300.2% from the February 26th total of 401 shares. Based on an average trading volume of 1,003 shares, the days-to-cover ratio is presently 1.6 days.

Analysts Set New Price Targets

Separately, Barclays raised shares of Grupo Bimbo from an “underweight” rating to an “overweight” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Grupo Bimbo Price Performance

OTCMKTS BMBOY opened at $13.21 on Friday. Grupo Bimbo has a twelve month low of $10.56 and a twelve month high of $15.82. The business’s fifty day moving average is $14.17 and its 200 day moving average is $13.76.

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.