Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Decreases By 32.8%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,944 shares, a drop of 32.8% from the March 31st total of 2,894 shares. Based on an average daily volume of 6,547 shares, the days-to-cover ratio is presently 0.3 days.

Grupo Bimbo Trading Down 2.5%

BMBOY traded down $0.32 during trading hours on Tuesday, hitting $12.31. The stock had a trading volume of 320 shares, compared to its average volume of 1,615. The company’s fifty day simple moving average is $13.64 and its 200 day simple moving average is $13.61. Grupo Bimbo has a 1 year low of $10.60 and a 1 year high of $15.82.

Grupo Bimbo Company Profile

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.