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

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

Grupo Bimbo Stock Performance

BMBOY stock opened at $12.86 on Monday. Grupo Bimbo has a twelve month low of $10.60 and a twelve month high of $15.82. The stock’s 50 day moving average is $13.35 and its 200-day moving average is $13.60.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Grupo Bimbo to a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, 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.