Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Shares Shorted: Short Interest Up 69.1% in October

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,095,711 shares, an increase of 69.1% from the September 30th total of 2,422,159 shares. Based on an average daily volume of 1,832 shares, the days-to-cover ratio is currently 2,235.7 days.

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

BBAJF stock opened at $2.98 on Wednesday. Banco del Bajío, S.A., Institución de Banca Múltiple has a 1 year low of $2.42 and a 1 year high of $3.38. The stock’s 50 day moving average price is $3.25 and its 200 day moving average price is $3.16.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. HSBC downgraded shares of Banco del Bajío, S.A., Institución de Banca Múltiple from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Itau BBA Securities downgraded shares of Banco del Bajío, S.A., Institución de Banca Múltiple from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Banco del Bajío, S.A., Institución de Banca Múltiple currently has a consensus rating of “Hold”.

Banco del Bajío, S.A., Institución de Banca Múltiple Company Profile

Banco del Bajío, SA, Institución de Banca Múltiple, commonly known as BanBajío, is a Mexican commercial bank headquartered in León, Guanajuato. Founded in 1994, the institution initially focused on serving businesses and agricultural customers in Mexico’s Bajío region and has expanded its operations to other parts of the country.

BanBajío provides banking and financial services to small and medium-sized businesses, corporations, agricultural producers, government entities and individual customers.