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) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 2,894 shares, an increase 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 currently 1.3 days.

Grupo Bimbo Price Performance

BMBOY stock opened at $13.36 on Tuesday. Grupo Bimbo has a 1 year low of $10.60 and a 1 year high of $15.82. The firm has a 50-day moving average of $14.11 and a 200 day moving average of $13.71.

About Grupo Bimbo

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.