Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) Sees Large Growth in Short Interest

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 3,078,700 shares, a growth of 53.0% from the March 31st total of 2,012,400 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is currently 2,052.5 days.

Grupo Bimbo Stock Performance

GRBMF stock remained flat at $4.00 during trading on Friday. 80 shares of the company traded hands, compared to its average volume of 1,976. The stock has a 50-day simple moving average of $4.29 and a 200 day simple moving average of $4.56. Grupo Bimbo has a one year low of $3.89 and a one year high of $5.85.

Grupo Bimbo Company Profile

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.