Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Short Interest Up 86.9% in July

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 385,278 shares, a growth of 86.9% from the July 15th total of 206,119 shares. Based on an average trading volume of 572 shares, the days-to-cover ratio is presently 673.6 days.

Wall Street Analysts Forecast Growth

Separately, HSBC downgraded Banco del Bajío, S.A., Institución de Banca Múltiple from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Banco del Bajío, S.A., Institución de Banca Múltiple currently has an average rating of “Hold”.

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

Shares of OTCMKTS BBAJF opened at $3.30 on Monday. Banco del Bajío, S.A., Institución de Banca Múltiple has a 1-year low of $2.23 and a 1-year high of $3.38. The business’s 50 day moving average is $3.19 and its 200-day moving average is $3.13.

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.