Short Interest in Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) Drops By 90.0%

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 200 shares, a decrease of 90.0% from the February 28th total of 2,000 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 0.1 days.

Grupo Bimbo Stock Performance

Shares of BMBOY traded up $0.11 during midday trading on Wednesday, hitting $11.11. 505 shares of the stock traded hands, compared to its average volume of 1,000. The business’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $11.79. Grupo Bimbo has a 1-year low of $9.69 and a 1-year high of $19.00.

About Grupo Bimbo

Grupo Bimbo, SAB. de C.V., together with its subsidiaries, produces, distributes, and sells various bakery products. It offers sliced bread, buns and rolls, pastries, cakes, cookies, toast, English muffins, bagels, tortillas and flatbreads, and salty snacks. The company provides its products under various brands.