Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Short Interest Up 486.8% in August

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 2,260,700 shares, a growth of 486.8% from the July 30th total of 385,278 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Analyst Ratings Changes

A number of research firms have recently weighed in on BBAJF. Itau BBA Securities downgraded shares of Banco del Bajío, S.A., Institución de Banca Múltiple from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 18th. HSBC lowered Banco del Bajío, S.A., Institución de Banca Múltiple from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Banco del Bajío, S.A., Institución de Banca Múltiple presently has a consensus rating of “Hold”.

Banco del Bajío, S.A., Institución de Banca Múltiple Stock Performance

Shares of OTCMKTS:BBAJF opened at $3.19 on Wednesday. The business’s fifty day moving average price is $3.21 and its two-hundred day moving average price is $3.15. Banco del Bajío, S.A., Institución de Banca Múltiple has a fifty-two week low of $2.42 and a fifty-two week high of $3.38.

Banco del Bajío, S.A., Institución de Banca Múltiple Company Profile

Banco del Bajío, SA, Institución de Banca Múltiple operates as a full-service Mexican commercial bank, offering a broad range of financial products and services to corporate, small- and medium-sized enterprises (SMEs) and individual clients. The institution’s core business activities include commercial lending, working capital loans, mortgage financing, trade finance, leasing and factoring. In addition to traditional deposit accounts, savings instruments and debit/credit card services, the bank provides treasury and foreign exchange solutions designed to support domestic and export-oriented businesses.

Founded in 1994 and headquartered in León, Guanajuato, Banco del Bajío has grown from a regional lender into one of Mexico’s prominent mid-tier banks.