Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Short Interest Update

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 416 shares, a drop of 73.9% from the May 14th total of 1,592 shares. Based on an average daily volume of 2,915 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Grupo Bimbo Price Performance

Shares of Grupo Bimbo stock remained flat at $12.98 during trading hours on Thursday. The stock had a trading volume of 200 shares, compared to its average volume of 2,090. Grupo Bimbo has a twelve month low of $10.60 and a twelve month high of $15.82. The company’s fifty day simple moving average is $13.35 and its two-hundred day simple moving average is $13.57.

Analysts Set New Price Targets

Separately, Zacks Research raised Grupo Bimbo to a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate 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.