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 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 days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Grupo Bimbo to a “hold” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Grupo Bimbo Stock Performance

BMBOY stock remained flat at $12.98 during midday trading on Thursday. The company’s stock had a trading volume of 200 shares, compared to its average volume of 2,090. The firm has a 50-day moving average price of $13.35 and a two-hundred day moving average price of $13.57. Grupo Bimbo has a 12 month low of $10.60 and a 12 month high of $15.82.

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.