Short Interest in Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Expands By 166.3%

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,588,847 shares, a growth of 166.3% from the February 26th total of 2,850,046 shares. Based on an average daily volume of 633 shares, the short-interest ratio is currently 11,988.7 days.

Banco del Bajío, S.A., Institución de Banca Múltiple Stock Performance

BBAJF remained flat at $2.81 during trading on Thursday. Banco del Bajío, S.A., Institución de Banca Múltiple has a 52 week low of $2.16 and a 52 week high of $3.00. The firm has a fifty day simple moving average of $2.93 and a 200-day simple moving average of $2.67.

Banco del Bajío, S.A., Institución de Banca Múltiple Company Profile

Banco del Bajío, SA, Institución de Banca Múltiple operates as a full-service Mexican commercial bank, offering a broad range of financial products and services to corporate, small- and medium-sized enterprises (SMEs) and individual clients. The institution’s core business activities include commercial lending, working capital loans, mortgage financing, trade finance, leasing and factoring. In addition to traditional deposit accounts, savings instruments and debit/credit card services, the bank provides treasury and foreign exchange solutions designed to support domestic and export-oriented businesses.

Founded in 1994 and headquartered in León, Guanajuato, Banco del Bajío has grown from a regional lender into one of Mexico’s prominent mid-tier banks.