Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Down 73.9% in May

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 416 shares, a drop of 73.9% from the May 14th total of 1,592 shares. Based on an average trading volume of 2,915 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Grupo Bimbo Stock Up 1.1%

Shares of BMBOY stock traded up $0.15 during trading hours on Friday, reaching $13.56. The stock had a trading volume of 313 shares, compared to its average volume of 2,051. Grupo Bimbo has a twelve month low of $10.60 and a twelve month high of $15.82. The firm has a 50-day simple moving average of $13.35 and a 200-day simple moving average of $13.58.

Analysts Set New Price Targets

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

About Grupo Bimbo

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.