Betterware de Mexico SAPI de C (NYSE:BWMX) Short Interest Update

Betterware de Mexico SAPI de C (NYSE:BWMX) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 31,224 shares, a decrease of 15.7% from the December 31st total of 37,018 shares. Based on an average trading volume of 96,026 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 96,026 shares, the days-to-cover ratio is presently 0.3 days.

Betterware de Mexico SAPI de C Stock Performance

NYSE:BWMX opened at $18.15 on Wednesday. Betterware de Mexico SAPI de C has a 52 week low of $7.00 and a 52 week high of $19.79. The stock has a fifty day simple moving average of $15.60. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.93 and a quick ratio of 0.44.

Institutional Investors Weigh In On Betterware de Mexico SAPI de C

A hedge fund recently raised its stake in Betterware de Mexico SAPI de C stock. Quattro Financial Advisors LLC raised its stake in Betterware de Mexico SAPI de C (NYSE:BWMX) by 42.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Quattro Financial Advisors LLC’s holdings in Betterware de Mexico SAPI de C were worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 12.72% of the company’s stock.

Analysts Set New Price Targets

BWMX has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a report on Monday, December 29th. Zacks Research upgraded Betterware de Mexico SAPI de C from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Freedom Capital raised Betterware de Mexico SAPI de C to a “strong-buy” rating in a research note on Friday, January 2nd. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Betterware de Mexico SAPI de C currently has an average rating of “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.