Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Declines By 58.8%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 384 shares, a drop of 58.8% from the June 30th total of 933 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,013 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Grupo Bimbo to a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Grupo Bimbo Trading Up 0.8%

Shares of OTCMKTS:BMBOY opened at $13.61 on Tuesday. The stock has a 50-day simple moving average of $13.26 and a 200-day simple moving average of $13.62. Grupo Bimbo has a 1 year low of $11.45 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.