Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Up 162.8% in April

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 5,108 shares, a growth of 162.8% from the April 15th total of 1,944 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,199 shares, the days-to-cover ratio is presently 0.6 days.

Grupo Bimbo Price Performance

BMBOY opened at $13.65 on Friday. The company’s 50 day simple moving average is $13.36 and its two-hundred 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.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Grupo Bimbo to a “hold” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Grupo Bimbo currently has an average rating of “Moderate Buy”.

About Grupo Bimbo

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.