Short Interest in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Expands By 303.7%

Key Points

• Short interest in Wal‑Mart de México surged 303.7% in March to 45,837 shares, but represents ~0.0% of outstanding shares and implies a low days‑to‑cover of about 0.2 days given average daily volume.
• Morgan Stanley downgraded the stock to underweight and the consensus on MarketBeat is "Reduce" (two Holds, one Sell); the company also missed EPS expectations ($0.46 vs. $0.51) while beating revenue estimates.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 45,837 shares, a growth of 303.7% from the March 15th total of 11,354 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 264,644 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley downgraded Wal-Mart de Mexico SAB de CV to an "underweight" rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Wal-Mart de Mexico SAB de CV has an average rating of "Reduce".

Wal-Mart de Mexico SAB de CV Trading Down 1.1%

Shares of WMMVY stock opened at $33.31 on Friday. The firm has a 50-day moving average price of $32.71 and a 200 day moving average price of $32.55. Wal-Mart de Mexico SAB de CV has a twelve month low of $27.07 and a twelve month high of $35.78. The company has a market capitalization of $57.63 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.19 and a beta of 0.75. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.05). Wal-Mart de Mexico SAB de CV had a net margin of 4.93% and a return on equity of 22.01%. The firm had revenue of $16.44 billion during the quarter, compared to analyst estimates of $15.48 billion. Research analysts forecast that Wal-Mart de Mexico SAB de CV will post 1.68 earnings per share for the current fiscal year.

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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