Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Short Interest Down 71.3% in August

Key Points

• Short interest fell 71.3% in August to 77,464 shares, representing 0.0% of shares outstanding and a days-to-cover ratio of 1.2.
• HSBC downgraded Kimberly-Clark de Mexico from “Buy” to “Hold”; both covering analysts now rate the stock Hold.
• The shares traded at $11.81, with a $7.26 billion market capitalization. In its latest quarter, the company met earnings expectations at $0.20 per share but reported revenue below consensus.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 77,464 shares, a decline of 71.3% from the July 30th total of 269,562 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 64,913 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

Separately, HSBC downgraded shares of Kimberly-Clark de Mexico SAB de CV from a "buy" rating to a "hold" rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Kimberly-Clark de Mexico SAB de CV currently has an average rating of "Hold".

Kimberly-Clark de Mexico SAB de CV Trading Up 0.0%

Shares of OTCMKTS:KCDMY traded up $0.00 during midday trading on Thursday, reaching $11.81. The company's stock had a trading volume of 14,714 shares, compared to its average volume of 48,111. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 15.96 and a beta of 0.67. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 7.18. Kimberly-Clark de Mexico SAB de CV has a 1 year low of $8.25 and a 1 year high of $12.84. The business has a 50 day moving average price of $11.31 and a 200 day moving average price of $11.53.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY - Get Free Report) last released its earnings results on Tuesday, July 21st. The basic materials company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Kimberly-Clark de Mexico SAB de CV had a return on equity of 170.79% and a net margin of 14.11%.The firm had revenue of $830.35 million for the quarter, compared to the consensus estimate of $839.55 million.

Kimberly-Clark de Mexico SAB de CV Company Profile

Kimberly-Clark de México, SAB. de C.V. operates as one of the leading manufacturers of personal care and paper‐based products in Mexico. As a locally managed subsidiary of the global Kimberly-Clark Corporation, the company focuses on the production, marketing and distribution of consumer staples designed for everyday use, ranging from facial and bathroom tissue to diapers and feminine care items.

The company's portfolio includes well-known brands such as Kleenex and Scott for tissue products, Huggies for baby care, Kotex for feminine hygiene and Depend for adult incontinence.

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