Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Short Interest Down 72.2% in May

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 782,128 shares, a decline of 72.2% from the May 14th total of 2,815,485 shares. Based on an average trading volume of 4,190 shares, the days-to-cover ratio is currently 186.7 days.

Banco del Bajío, S.A., Institución de Banca Múltiple Price Performance

Shares of OTCMKTS:BBAJF opened at $3.10 on Thursday. The business’s 50 day simple moving average is $3.23 and its 200-day simple moving average is $2.95. Banco del Bajío, S.A., Institución de Banca Múltiple has a 12 month low of $2.24 and a 12 month high of $3.38.

About Banco del Bajío, S.A., Institución de Banca Múltiple

Banco del Bajío, SA, Institución de Banca Múltiple operates as a full-service Mexican commercial bank, offering a broad range of financial products and services to corporate, small- and medium-sized enterprises (SMEs) and individual clients. The institution’s core business activities include commercial lending, working capital loans, mortgage financing, trade finance, leasing and factoring. In addition to traditional deposit accounts, savings instruments and debit/credit card services, the bank provides treasury and foreign exchange solutions designed to support domestic and export-oriented businesses.

Founded in 1994 and headquartered in León, Guanajuato, Banco del Bajío has grown from a regional lender into one of Mexico’s prominent mid-tier banks.