Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Declines By 68.8%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,592 shares, a drop of 68.8% from the April 30th total of 5,108 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,518 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Grupo Bimbo Price Performance

Shares of BMBOY opened at $13.86 on Friday. Grupo Bimbo has a 12-month low of $10.60 and a 12-month high of $15.82. The firm has a fifty day moving average price of $13.36 and a 200-day moving average price of $13.60.

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.