Short Interest in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Drops By 67.4%

Key Points

• Short interest fell 67.4% to 101,395 shares as of July 31, with a days-to-cover ratio of just 0.3 and 0.0% of shares sold short.
• Analyst sentiment remains cautious: Santander downgraded the stock to “neutral,” and the consensus rating is “Reduce,” based on two Holds and one Sell.
• Wal-Mart de Mexico beat quarterly expectations, reporting $0.37 in EPS versus the $0.35 consensus and $14.43 billion in revenue versus $14.32 billion expected; shares opened at $27.71, near their 52-week low.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 101,395 shares, a decline of 67.4% from the July 15th total of 311,051 shares. Based on an average daily trading volume, of 291,450 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Santander downgraded shares of Wal-Mart de Mexico SAB de CV to a "neutral" rating in a report on Monday, April 20th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Wal-Mart de Mexico SAB de CV Price Performance

Shares of WMMVY opened at $27.71 on Friday. The firm has a market cap of $47.94 billion, a PE ratio of 17.32, a P/E/G ratio of 2.31 and a beta of 0.64. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $28.76 and a two-hundred day simple moving average of $31.09. Wal-Mart de Mexico SAB de CV has a 1-year low of $26.62 and a 1-year high of $35.47.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a return on equity of 22.89% and a net margin of 4.90%.The firm had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.32 billion. On average, equities analysts anticipate that Wal-Mart de Mexico SAB de CV will post 1.75 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC grew its holdings in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 16.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,001 shares of the company's stock after purchasing an additional 14,675 shares during the quarter. Madison Asset Management LLC's holdings in Wal-Mart de Mexico SAB de CV were worth $3,088,000 as of its most recent filing with the Securities & Exchange Commission.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México SAB de CV OTCMKTS: WMMVY is a leading Mexican retail company that operates a broad array of retail formats focused on serving everyday consumer needs. Its core activities include operating supermarkets, discount stores, membership warehouse clubs and related retail formats that sell groceries, perishables, household goods, apparel, electronics and general merchandise. The company also provides associated services commonly found in large retail chains, such as in-store pharmacies, basic financial and payment services, and e-commerce fulfillment to meet growing online demand.

The company's operations are centered in Mexico and extend into several countries in Central America, where it serves urban and suburban consumers through a mix of neighborhood discount outlets, larger full-service supermarkets and membership-based warehouse clubs.

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