Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJF) Sees Large Growth in Short Interest


Banco del Bajío, S.A., Institución de Banca Múltiple (OTCMKTS:BBAJFGet Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 9,087,400 shares, an increase of 30.6% from the April 30th total of 6,960,000 shares. Based on an average trading volume of 19,900 shares, the short-interest ratio is presently 456.7 days.

A number of brokerages have recently issued reports on BBAJF. Scotiabank lowered shares of Banco del Bajío, S.A., Institución de Banca Múltiple from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 28th. Barclays lowered shares of Banco del Bajío, S.A., Institución de Banca Múltiple from an “equal weight” rating to an “underweight” rating in a research report on Friday, March 11th.

OTCMKTS:BBAJF opened at $2.57 on Tuesday. The firm’s fifty day moving average price is $2.47 and its 200 day moving average price is $2.03. Banco del Bajío, S.A., Institución de Banca Múltiple has a 1-year low of $0.03 and a 1-year high of $2.81.

Banco del Bajío, S.A., Institución de Banca Múltiple Company Profile (Get Rating)

Banco del Bajío, SA, Institución de Banca Múltiple provides various banking products and services. It operates through two segments, Business Banking and Commercial Banking. The company offers deposit and savings products; short and long-term loans, mortgage loans, and personal loans; and automotive credit and credit cards.

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