Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Update

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,219 shares, a growth of 1,213.0% from the January 29th total of 169 shares. Based on an average trading volume of 2,921 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 2,921 shares, the short-interest ratio is presently 0.8 days.

Grupo Bimbo Price Performance

Shares of BMBOY stock traded down $0.06 on Wednesday, hitting $14.50. 100 shares of the company’s stock were exchanged, compared to its average volume of 1,196. The company has a 50 day moving average of $13.99 and a 200 day moving average of $13.58. Grupo Bimbo has a 12 month low of $10.38 and a 12 month high of $15.82.

Analysts Set New Price Targets

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