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 target of a large increase in short interest in April. As of April 30th, there was short interest totaling 5,108 shares, an increase of 162.8% from the April 15th total of 1,944 shares. Based on an average daily trading volume, of 9,199 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Grupo Bimbo Stock Down 6.8%

BMBOY opened at $13.72 on Friday. The firm’s 50-day simple moving average is $13.38 and its 200-day simple moving average is $13.61. Grupo Bimbo has a twelve month low of $10.60 and a twelve month high of $15.82.

Analysts Set New Price Targets

Separately, Zacks Research raised Grupo Bimbo to a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate 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.