Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 37,608 shares, a decline of 71.5% from the May 14th total of 131,744 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 174,660 shares, the days-to-cover ratio is currently 0.2 days.
Analyst Ratings Changes
Separately, Santander downgraded Wal-Mart de Mexico SAB de CV to a “neutral” rating in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Wal-Mart de Mexico SAB de CV presently has an average rating of “Reduce”.
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Wal-Mart de Mexico SAB de CV Trading Down 0.3%
Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $13.94 billion for the quarter, compared to analyst estimates of $14.27 billion. Wal-Mart de Mexico SAB de CV had a return on equity of 22.98% and a net margin of 4.94%. On average, equities research analysts expect that Wal-Mart de Mexico SAB de CV will post 1.8 earnings per share for the current fiscal year.
About Wal-Mart de Mexico SAB de CV
Wal-Mart de México SAB de CV (OTCMKTS: WMMVY) is a leading Mexican retail company that operates a broad array of retail formats focused on serving everyday consumer needs. Its core activities include operating supermarkets, discount stores, membership warehouse clubs and related retail formats that sell groceries, perishables, household goods, apparel, electronics and general merchandise. The company also provides associated services commonly found in large retail chains, such as in-store pharmacies, basic financial and payment services, and e-commerce fulfillment to meet growing online demand.
The company’s operations are centered in Mexico and extend into several countries in Central America, where it serves urban and suburban consumers through a mix of neighborhood discount outlets, larger full-service supermarkets and membership-based warehouse clubs.
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