Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Down 71.3% in January

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 169 shares, a decrease of 71.3% from the December 31st total of 588 shares. Based on an average daily volume of 1,606 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,606 shares, the short-interest ratio is currently 0.1 days.

Grupo Bimbo Stock Performance

Shares of OTCMKTS:BMBOY opened at $13.08 on Friday. Grupo Bimbo has a 1 year low of $10.38 and a 1 year high of $14.88. The business has a fifty day moving average price of $13.21 and a two-hundred day moving average price of $13.08.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Grupo Bimbo from an “underweight” rating to an “overweight” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.