Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Declines By 58.8%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 384 shares, a drop of 58.8% from the June 30th total of 933 shares. Based on an average daily volume of 1,013 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Grupo Bimbo Stock Performance

BMBOY opened at $13.50 on Monday. The business’s 50-day moving average is $13.26 and its two-hundred day moving average is $13.61. Grupo Bimbo has a 1 year low of $11.30 and a 1 year high of $15.82.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Grupo Bimbo to a “hold” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Grupo Bimbo has a consensus rating of “Moderate Buy”.

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.