Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Declines By 58.8%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 384 shares, a drop of 58.8% from the June 30th total of 933 shares. Based on an average trading volume of 1,013 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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 assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Grupo Bimbo Stock Performance

Shares of BMBOY stock opened at $13.50 on Monday. Grupo Bimbo has a fifty-two week low of $11.30 and a fifty-two week high of $15.82. The stock’s 50-day simple moving average is $13.26 and its 200-day simple moving average is $13.61.

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.