Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Declines By 34.9%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 271 shares, a decline of 34.9% from the May 31st total of 416 shares. Based on an average daily volume of 1,906 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Grupo Bimbo Stock Down 2.1%

Shares of BMBOY stock opened at $12.84 on Thursday. The stock has a fifty day moving average of $13.29 and a 200 day moving average of $13.60. Grupo Bimbo has a 52 week low of $10.60 and a 52 week high of $15.82.

Analyst Ratings Changes

Separately, Zacks Research raised 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 assigned a Hold rating to the stock. According to MarketBeat, the company 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.