Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Down 81.9% in February

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 401 shares, a drop of 81.9% from the February 12th total of 2,219 shares. Based on an average daily volume of 1,534 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 1,534 shares, the short-interest ratio is currently 0.3 days.

Grupo Bimbo Price Performance

BMBOY stock remained flat at $13.51 during trading hours on Tuesday. 764 shares of the company’s stock traded hands, compared to its average volume of 1,077. Grupo Bimbo has a 12 month low of $10.56 and a 12 month high of $15.82. The stock has a 50 day moving average of $14.18 and a 200 day moving average of $13.72.

Analysts Set New Price Targets

Separately, Barclays raised Grupo Bimbo from an “underweight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Grupo Bimbo Company Profile

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.