Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Sees Significant Decrease in Short Interest

Key Points

• Short interest plunged 94% to 4,303 shares as of September 15, representing approximately 0.0% of Walmex’s outstanding stock.
• Analysts remain cautious: HSBC downgraded the stock to “Reduce,” while the broader analyst consensus is also “Reduce” with a $42.00 target price.
• Shares fell 1.4% to $25.85, near the 12-month low, despite the company’s latest quarterly results beating estimates on both earnings and revenue.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 4,303 shares, a decline of 94.0% from the August 31st total of 71,718 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 608,892 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, HSBC lowered Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price objective for the company. in a report on Tuesday, September 8th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Wal-Mart de Mexico SAB de CV has an average rating of "Reduce" and an average target price of $42.00.

Institutional Trading of Wal-Mart de Mexico SAB de CV

A hedge fund recently raised its position in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. grew its position in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 544,703 shares of the company's stock after purchasing an additional 16,289 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in Wal-Mart de Mexico SAB de CV were worth $16,020,000 at the end of the most recent quarter.

Wal-Mart de Mexico SAB de CV Stock Down 1.4%

Shares of Wal-Mart de Mexico SAB de CV stock traded down $0.37 during midday trading on Thursday, hitting $25.85. The company had a trading volume of 328,573 shares, compared to its average volume of 147,944. The company has a fifty day simple moving average of $27.72 and a 200 day simple moving average of $29.89. The stock has a market cap of $44.72 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 5.79 and a beta of 0.63. Wal-Mart de Mexico SAB de CV has a 12-month low of $25.63 and a 12-month high of $35.47.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a net margin of 4.90% and a return on equity of 21.23%. The company had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.32 billion. As a group, analysts expect that Wal-Mart de Mexico SAB de CV will post 1.76 EPS for the current year.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México, SAB. de C.V., commonly known as Walmart de México y Centroamérica or Walmex, is a retail company that operates a portfolio of stores across Mexico and Central America. It serves consumers through a range of formats, including Walmart and Walmart Express supermarkets, Bodega Aurrera discount stores, and Sam's Club membership warehouses.

The company sells groceries, fresh foods, household goods, apparel, electronics, general merchandise, and other consumer products. Its business also includes e-commerce and digital shopping services, supported by store-based fulfillment and delivery capabilities.

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