Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Drops By 61.8%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 169 shares, a drop of 61.8% from the July 30th total of 442 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 169 shares, the days-to-cover ratio is currently 1.0 days.

Grupo Bimbo Price Performance

Shares of BMBOY stock traded up $0.03 during trading on Friday, hitting $13.86. The company had a trading volume of 4,579 shares, compared to its average volume of 1,463. The company has a quick ratio of 0.69, a current ratio of 0.89 and a debt-to-equity ratio of 1.45. The stock’s 50-day moving average is $13.59 and its two-hundred day moving average is $13.66. Grupo Bimbo has a 52 week low of $12.18 and a 52 week high of $15.82.

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.