Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Up 244.3% in June

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 933 shares, an increase of 244.3% from the June 15th total of 271 shares. Based on an average trading volume of 1,208 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are sold short.

Grupo Bimbo Stock Performance

Shares of BMBOY opened at $12.82 on Tuesday. The company’s 50 day simple moving average is $13.34 and its 200-day simple moving average is $13.59. Grupo Bimbo has a 12-month low of $10.60 and a 12-month high of $15.82.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Grupo Bimbo

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.