Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Up 80.3% in March

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 2,894 shares, a growth of 80.3% from the March 15th total of 1,605 shares. Based on an average daily trading volume, of 2,226 shares, the short-interest ratio is presently 1.3 days.

Grupo Bimbo Price Performance

OTCMKTS:BMBOY opened at $13.36 on Monday. The company has a 50 day moving average price of $14.12 and a 200 day moving average price of $13.72. Grupo Bimbo has a fifty-two week low of $10.60 and a fifty-two 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.