Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) Short Interest Up 8.8% in November

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 7,181,500 shares, an increase of 8.8% from the October 31st total of 6,598,700 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is presently 2,992.3 days.

Grupo Bimbo Trading Down 3.3 %

Shares of OTCMKTS GRBMF opened at $2.90 on Wednesday. The company’s 50-day simple moving average is $3.21 and its 200-day simple moving average is $3.46. Grupo Bimbo has a 52-week low of $2.64 and a 52-week high of $5.50.

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.