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 significant drop in short interest in June. As of June 15th, there was short interest totaling 271 shares, a drop of 34.9% from the May 31st total of 416 shares. Based on an average daily volume of 1,906 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Grupo Bimbo to a “hold” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Grupo Bimbo currently has a consensus rating of “Moderate Buy”.

Grupo Bimbo Stock Down 2.1%

BMBOY stock opened at $12.84 on Thursday. The firm’s fifty day moving average is $13.29 and its 200 day moving average is $13.60. Grupo Bimbo has a 52 week low of $10.60 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.