Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) Stock Short Interest Jumps 47.5%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,596,587 shares, an increase of 47.5% from the August 31st total of 7,864,182 shares. Based on an average trading volume of 2,221 shares, the short-interest ratio is presently 5,221.3 days.

Grupo Bimbo Stock Performance

Shares of OTCMKTS:GRBMF remained flat at $3.16 during trading on Thursday. The company had a trading volume of 100 shares, compared to its average volume of 6,047. Grupo Bimbo has a 12-month low of $2.96 and a 12-month high of $4.00. The firm has a 50-day moving average of $3.36 and a 200-day moving average of $3.31.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V. 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 and sells packaged bakery and other food products through a broad portfolio of brands.

Its products include sliced bread, buns and rolls, pastries, cakes, cookies, tortillas, snacks and other baked goods. Key brands include Bimbo, Marinela, Barcel, Tía Rosa and Wonder, along with numerous regional and internationally recognized brands acquired or developed over time.

Grupo Bimbo serves consumers across North America, Latin America, Europe, Asia and Africa through manufacturing facilities, distribution networks and retail partnerships in numerous countries.