Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Shorted: Short Interest Up 100.6% in September

Key Points

• Short interest doubled in September, rising 100.6% to 8,633 shares as of September 30, though short positions represented approximately 0.0% of shares outstanding.
• HSBC downgraded Walmex to “Reduce” with a $42 price target; the analyst consensus is also “Reduce,” based on two Hold and two Sell ratings.
• Shares opened at $25.64, down 1.8%, while the company’s latest quarterly results exceeded expectations with earnings of $0.37 per share and revenue of $14.43 billion.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 8,633 shares, an increase of 100.6% from the September 15th total of 4,303 shares. Based on an average daily volume of 352,100 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, HSBC downgraded Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price objective for the company. in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $42.00.

Institutional Trading of Wal-Mart de Mexico SAB de CV

A hedge fund recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC increased its holdings in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 16.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,001 shares of the company's stock after buying an additional 14,675 shares during the period. Madison Asset Management LLC's holdings in Wal-Mart de Mexico SAB de CV were worth $3,088,000 as of its most recent SEC filing.

Wal-Mart de Mexico SAB de CV Stock Down 1.8%

OTCMKTS WMMVY opened at $25.64 on Wednesday. The company has a market cap of $44.36 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 5.71 and a beta of 0.63. Wal-Mart de Mexico SAB de CV has a 52 week low of $24.80 and a 52 week high of $35.47. The firm's 50-day simple moving average is $27.08 and its two-hundred day simple moving average is $29.33.

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

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México, SAB. de C.V. OTCMKTS: WMMVY, commonly known as Walmart de México y Centroamérica or Walmex, is a retail company that operates supermarkets, discount stores, membership warehouse clubs and other consumer-focused formats. It is part of Walmart Inc's international operations.

The company sells groceries, fresh food, apparel, electronics, home goods, household supplies, personal-care products and general merchandise. Its principal store formats include Walmart and Walmart Express supermarkets, Bodega Aurrera discount stores and Sam's Club membership warehouses.

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