Betterware de Mexico SAPI de C (NYSE:BWMX) Sees Significant Decline in Short Interest

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) was the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totaling 92,400 shares, adecreaseof25.4% from the July 31st total of 123,800 shares. Currently,0.5% of the shares of the stock 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. Currently,0.5% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Betterware de Mexico SAPI de C Stock Down 0.1%

BWMX traded down $0.01 during trading on Monday, reaching $13.69. The company had a trading volume of 49,736 shares, compared to its average volume of 43,067. The company has a quick ratio of 0.46, a current ratio of 0.93 and a debt-to-equity ratio of 3.07. The company has a market cap of $510.91 million, a PE ratio of 17.33 and a beta of 1.24. Betterware de Mexico SAPI de C has a 52 week low of $7.00 and a 52 week high of $14.46.

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 issued a dividend of $0.2851 per share. The ex-dividend date was Monday, August 11th. This represents a $1.14 dividend on an annualized basis and a yield of 8.3%. Betterware de Mexico SAPI de C's payout ratio is presently 130.38%.

Betterware de Mexico SAPI de C Company Profile

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.

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