Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Sees Significant Growth in Short Interest

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 316 shares, an increase of 87.0% from the August 15th total of 169 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,247 shares, the days-to-cover ratio is presently 0.3 days.

Grupo Bimbo Price Performance

Shares of OTCMKTS:BMBOY opened at $13.44 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.69 and a current ratio of 0.89. Grupo Bimbo has a 1-year low of $12.24 and a 1-year high of $15.82. The business has a fifty day moving average price of $13.79 and a 200-day moving average price of $13.52.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) 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, distributes and markets a broad range of baked and packaged foods for retail, foodservice and other customers.

Its products include sliced bread, buns, rolls, pastries, cakes, cookies, tortillas, toast products and snack foods. Grupo Bimbo sells products under brands that include Bimbo, Marinela, Wonder, Oroweat, Sara Lee and Entenmann’s, although its brand portfolio varies by market.

Grupo Bimbo operates through an extensive manufacturing and distribution network serving consumers across North America, Latin America, Europe, Asia and Africa.