Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Sees Significant Decline in Short Interest

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,815,485 shares, a decrease of 56.4% from the April 30th total of 6,456,568 shares. Based on an average trading volume of 16,799 shares, the short-interest ratio is presently 167.6 days.

Banco del Bajío, S.A., Institución de Banca Múltiple Trading Down 7.3%

Shares of Banco del Bajío, S.A., Institución de Banca Múltiple stock opened at $3.06 on Friday. Banco del Bajío, S.A., Institución de Banca Múltiple has a fifty-two week low of $2.24 and a fifty-two week high of $3.38. The stock has a 50 day moving average of $3.20 and a 200 day moving average of $2.92.

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.