Betterware de Mexico SAPI de C (NYSE:BWMX) Short Interest Update

Key Points

• Betterware de Mexico SAPI de C experienced a significant decline in short interest, with a decrease of 25.4% from July to August, bringing the total short interest to 92,400 shares.
• The company raised its dividend to $0.2851 per share for the recent quarter, resulting in an annualized dividend yield of 8.3% and a payout ratio of 130.38%.
• Analysts have upgraded Betterware de Mexico from a "hold" to a "strong-buy" rating, indicating improved confidence in the stock's performance.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 92,400 shares, a decrease of 25.4% from the July 31st total of 123,800 shares. Approximately 0.5% of the company's shares are short sold. Based on an average daily volume of 71,900 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 71,900 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the company's shares are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Betterware de Mexico SAPI de C from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 2nd.

Betterware de Mexico SAPI de C Price Performance

BWMX stock traded down $0.19 during mid-day trading on Friday, reaching $13.42. The company had a trading volume of 52,794 shares, compared to its average volume of 37,155. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.93 and a quick ratio of 0.46. Betterware de Mexico SAPI de C has a 12 month low of $7.00 and a 12 month high of $14.46. The company has a market capitalization of $500.83 million, a P/E ratio of 16.99 and a beta of 1.24.

Betterware de Mexico SAPI de C Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were paid a $0.2851 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.14 dividend on an annualized basis and a yield of 8.5%. Betterware de Mexico SAPI de C's payout ratio is 130.38%.

About Betterware de Mexico SAPI de C

Betterware de Mexico, SAB. de C.V. operates as a direct-to-consumer company in Mexico. The company focuses on the home organization segment with a product portfolio, including home solutions, kitchen and food preservation, technology and mobility, and other categories. It serves approximately 3 million households through distributors and associates in approximately 800 communities throughout Mexico.