Short Interest in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Decreases By 93.9%

Key Points

• Short interest in Wal-Mart de Mexico fell significantly by 93.9%, from 230,100 shares in July to 14,100 shares in August, indicating a major decrease in bearish sentiment.
• Scotiabank downgraded the stock from a "strong-buy" to a "hold" rating, contributing to mixed analyst opinions, with an overall average rating of "Buy."
• Wal-Mart de Mexico's stock rose by 2.3% to $30.58, but the company reported earnings per share of $0.33, falling short of estimates by $0.06.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 14,100 shares, adeclineof93.9% from the July 31st total of 230,100 shares. Based on an average daily trading volume, of 96,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 96,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Scotiabank downgraded shares of Wal-Mart de Mexico SAB de CV from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy".

Wal-Mart de Mexico SAB de CV Trading Up 1.3%

WMMVY traded up $0.40 during trading hours on Friday, reaching $30.51. 59,794 shares of the company's stock traded hands, compared to its average volume of 54,196. The firm has a 50-day moving average price of $30.34 and a 200 day moving average price of $30.42. The firm has a market capitalization of $53.23 billion, a PE ratio of 20.34, a PEG ratio of 6.77 and a beta of 0.80. The company has a quick ratio of 0.34, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. Wal-Mart de Mexico SAB de CV has a 52-week low of $24.30 and a 52-week high of $35.78.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). The business had revenue of $12.63 billion during the quarter, compared to analysts' expectations of $12.75 billion. Wal-Mart de Mexico SAB de CV had a return on equity of 22.23% and a net margin of 5.22%. As a group, sell-side analysts predict that Wal-Mart de Mexico SAB de CV will post 1.68 EPS for the current fiscal year.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México, SAB. de C.V. owns and operates self-service stores in Mexico and Central America. The company operates discount warehouses and stores, hypermarkets, supermarkets, and membership self-service wholesale stores. It operates Bodega Aurrerá discount stores, Walmart hypermarkets, Walmart Express supermarkets, and Sam's Club membership self-service wholesale stores.