Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) Decreases By 52.4%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 916,800 shares, a decline of 52.4% from the December 15th total of 1,927,500 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is currently 1,528.0 days.

Separately, JPMorgan Chase & Co. downgraded shares of Grupo Bimbo from an “overweight” rating to a “neutral” rating in a research report on Friday, September 24th.

Shares of GRBMF stock opened at $3.30 on Friday. Grupo Bimbo has a 12 month low of $1.74 and a 12 month high of $3.31. The company’s fifty day moving average price is $2.87 and its 200-day moving average price is $2.65.

About Grupo Bimbo

Grupo Bimbo SA de CV engages in the manufacturing, distribution, and sale of baked products. It operates through the following geographical segments: Mexico, North America, Latin America, and Europe. It offers fresh and frozen sliced bread, buns, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks, and confectionery goods.

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