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

Key Points

• Short interest jumped 336.3% to 54,755 shares as of October 30, though it represented 0.0% of shares outstanding and just 0.2 days of average trading volume.
• Analyst sentiment is negative: the stock has a consensus “Strong Sell” rating and a $42 price target, with HSBC downgrading it to “Reduce” and Zacks Research to “Strong Sell.”
• Latest quarterly results were mixed: earnings of $0.37 per share missed estimates of $0.42, while revenue of $14.42 billion exceeded the $13.88 billion consensus.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 54,755 shares, a growth of 336.3% from the October 15th total of 12,551 shares. Based on an average daily trading volume, of 313,976 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WMMVY shares. HSBC downgraded Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price objective on the stock. in a report on Tuesday, September 8th. Zacks Research cut Wal-Mart de Mexico SAB de CV from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 27th. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Sell" and a consensus price target of $42.00.

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

Shares of WMMVY opened at $28.69 on Thursday. The stock has a market capitalization of $49.63 billion, a P/E ratio of 18.07, a PEG ratio of 6.62 and a beta of 0.63. The firm has a fifty day simple moving average of $26.75 and a two-hundred day simple moving average of $29.79. Wal-Mart de Mexico SAB de CV has a twelve month low of $24.80 and a twelve month high of $35.47.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). The firm had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $13.88 billion. Wal-Mart de Mexico SAB de CV had a return on equity of 20.72% and a net margin of 4.79%. Sell-side analysts expect that Wal-Mart de Mexico SAB de CV will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. raised its holdings in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México, S.A.B. de C.V., commonly known as Walmex, is a retail company that operates stores and digital commerce businesses in Mexico and Central America. Its formats include Walmart supermarkets, Bodega Aurrera discount stores, Walmart Express supermarkets and Sam's Club membership warehouse clubs. The company sells groceries, apparel, electronics, household goods and other consumer products. Its services also include online shopping and, through select operations, financial and related customer services.

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