Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,225 shares, an increase of 624.9% from the September 30th total of 169 shares. Based on an average daily volume of 460 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.0% of the company’s stock are sold short.
Grupo Bimbo Trading Up 1.6%
Grupo Bimbo stock opened at $13.71 on Wednesday. Grupo Bimbo has a 52-week low of $11.94 and a 52-week high of $15.82. The company’s 50 day moving average is $13.05 and its two-hundred day moving average is $13.51.
About Grupo Bimbo
Grupo Bimbo, SAB. de C.V. is a Mexico-based multinational food company and one of the world’s largest baking companies. Founded in Mexico City in 1945, the company produces, distributes and sells packaged bakery and other food products through a broad international operating network.
Its product portfolio includes sliced bread, buns, rolls, tortillas, sweet baked goods, cookies, cakes, pastries, snacks and related food items. Grupo Bimbo markets products under well-known brands such as Bimbo, Marinela, Wonder, Oroweat, Sara Lee, Thomas’ and Takis, although brand availability varies by country.
Grupo Bimbo serves consumers across North America, Latin America, Europe, Asia and other international markets.
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