Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Update

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,592 shares, a drop of 68.8% from the April 30th total of 5,108 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,518 shares, the days-to-cover ratio is presently 0.5 days.

Grupo Bimbo Stock Up 1.5%

Shares of OTCMKTS BMBOY opened at $13.86 on Friday. Grupo Bimbo has a 1 year low of $10.60 and a 1 year high of $15.82. The firm’s 50-day moving average is $13.36 and its 200-day moving average is $13.60.

Wall Street Analysts Forecast Growth

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