Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,596,587 shares, an increase of 47.5% from the August 31st total of 7,864,182 shares. Based on an average daily volume of 2,221 shares, the days-to-cover ratio is currently 5,221.3 days.
Grupo Bimbo Price Performance
Shares of OTCMKTS GRBMF remained flat at $3.16 during midday trading on Thursday. 100 shares of the stock were exchanged, compared to its average volume of 6,047. The business’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.31. Grupo Bimbo has a 1 year low of $2.96 and a 1 year high of $4.00.
Grupo Bimbo Company Profile
Grupo Bimbo, SAB. de C.V. is a Mexico-based multinational food company and one of the world’s largest baking companies. Founded in Mexico City in 1945, the company produces and sells packaged bakery and other food products through a broad portfolio of brands.
Its products include sliced bread, buns and rolls, pastries, cakes, cookies, tortillas, snacks and other baked goods. Key brands include Bimbo, Marinela, Barcel, Tía Rosa and Wonder, along with numerous regional and internationally recognized brands acquired or developed over time.
Grupo Bimbo serves consumers across North America, Latin America, Europe, Asia and Africa through manufacturing facilities, distribution networks and retail partnerships in numerous countries.
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