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

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 6,402,600 shares, a drop of 6.6% from the August 15th total of 6,856,600 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 3,201.3 days.

Grupo Bimbo Stock Performance

OTCMKTS:GRBMF opened at $3.47 on Wednesday. The business has a 50 day moving average of $3.52 and a 200 day moving average of $3.87. Grupo Bimbo has a 1-year low of $3.34 and a 1-year high of $5.54.

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.