Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 5,108 shares, an increase of 162.8% from the April 15th total of 1,944 shares. Based on an average trading volume of 9,199 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.
Grupo Bimbo Trading Down 0.6%
BMBOY stock opened at $13.65 on Friday. Grupo Bimbo has a 12 month low of $10.60 and a 12 month high of $15.82. The firm has a 50-day moving average of $13.36 and a two-hundred day moving average of $13.61.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Grupo Bimbo to a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently 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.
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