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

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 271 shares, a drop of 34.9% from the May 31st total of 416 shares. Based on an average trading volume of 1,906 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Grupo Bimbo to a “hold” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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Grupo Bimbo Price Performance

Shares of OTCMKTS:BMBOY opened at $12.92 on Friday. The business has a 50-day simple moving average of $13.29 and a two-hundred day simple moving average of $13.60. Grupo Bimbo has a fifty-two week low of $10.60 and a fifty-two week high of $15.82.

About Grupo Bimbo

(Get Free Report)

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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