Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Stock Short Interest Report for October

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 4,095,711 shares, an increase of 69.1% from the September 30th total of 2,422,159 shares. Based on an average daily volume of 1,832 shares, the days-to-cover ratio is presently 2,235.7 days.

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

OTCMKTS BBAJF opened at $2.98 on Tuesday. The firm has a 50 day simple moving average of $3.26 and a 200-day simple moving average of $3.15. Banco del Bajío, S.A., Institución de Banca Múltiple has a one year low of $2.42 and a one year high of $3.38.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BBAJF shares. Itau BBA Securities cut shares of Banco del Bajío, S.A., Institución de Banca Múltiple from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 18th. HSBC lowered Banco del Bajío, S.A., Institución de Banca Múltiple from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About Banco del Bajío, S.A., Institución de Banca Múltiple

Banco del Bajío, SA, Institución de Banca Múltiple, commonly known as BanBajío, is a Mexican commercial bank headquartered in León, Guanajuato. Founded in 1994, the institution initially focused on serving businesses and agricultural customers in Mexico’s Bajío region and has expanded its operations to other parts of the country.

BanBajío provides banking and financial services to small and medium-sized businesses, corporations, agricultural producers, government entities and individual customers.