Betterware de Mexico SAPI de C (NYSE:BWMX) Short Interest Up 113.7% in March

Key Points

• Short interest surged 113.7% in March to 61,900 shares (0.2% of float), leaving a short-interest ratio of just 0.5 days based on average daily volume.
• Betterware recently paid a quarterly dividend of $0.3103 (annualized $1.24), implying a 7.3% yield with a dividend payout ratio of about 75.5%.
• The company missed quarterly EPS estimates (reported $0.37 vs. $0.55 consensus) on $212.3M revenue; the stock trades near $17 with a market cap of ~$636M and a P/E of 11.6.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 61,900 shares, a growth of 113.7% from the February 26th total of 28,972 shares. Based on an average daily volume of 122,258 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

BWMX has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Betterware de Mexico SAPI de C from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Freedom Capital upgraded Betterware de Mexico SAPI de C to a "strong-buy" rating in a research report on Friday, January 2nd. Finally, Zacks Research cut Betterware de Mexico SAPI de C from a "strong-buy" rating to a "hold" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

Betterware de Mexico SAPI de C Trading Down 0.6%

Shares of NYSE BWMX traded down $0.11 during mid-day trading on Thursday, reaching $17.04. The company had a trading volume of 58,627 shares, compared to its average volume of 120,331. The business's 50-day moving average is $17.86 and its 200-day moving average is $15.32. The company has a current ratio of 0.92, a quick ratio of 0.44 and a debt-to-equity ratio of 2.46. The stock has a market cap of $635.93 million, a price-to-earnings ratio of 11.59 and a beta of 1.26. Betterware de Mexico SAPI de C has a 52 week low of $7.00 and a 52 week high of $19.79.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.18). Betterware de Mexico SAPI de C had a return on equity of 87.14% and a net margin of 7.35%.The firm had revenue of $212.26 million during the quarter.

Betterware de Mexico SAPI de C Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th were issued a $0.3103 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.3%. Betterware de Mexico SAPI de C's dividend payout ratio (DPR) is currently 75.51%.

Institutional Trading of Betterware de Mexico SAPI de C

Several hedge funds have recently modified their holdings of BWMX. State Street Corp increased its holdings in shares of Betterware de Mexico SAPI de C by 7.0% in the fourth quarter. State Street Corp now owns 90,082 shares of the company's stock valued at $1,280,000 after purchasing an additional 5,881 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Betterware de Mexico SAPI de C by 11.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company's stock worth $862,000 after purchasing an additional 6,274 shares during the period. Finally, Quattro Financial Advisors LLC boosted its position in Betterware de Mexico SAPI de C by 42.9% in the fourth quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company's stock valued at $710,000 after buying an additional 15,000 shares during the last quarter. 12.72% of the stock is owned by hedge funds and other institutional investors.

Betterware de Mexico SAPI de C Company Profile

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.

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