Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Short Interest Up 86.9% in July

Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 385,278 shares, a growth of 86.9% from the July 15th total of 206,119 shares. Based on an average daily trading volume, of 572 shares, the days-to-cover ratio is presently 673.6 days.

Analyst Ratings Changes

Separately, HSBC cut Banco del Bajío, S.A., Institución de Banca Múltiple from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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

BBAJF stock remained flat at $3.30 during trading hours on Friday. The firm’s fifty day moving average is $3.19 and its 200-day moving average is $3.13. Banco del Bajío, S.A., Institución de Banca Múltiple has a 12-month low of $2.23 and a 12-month 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.