Short Interest in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Expands By 451.8%

Key Points

• Wal-Mart de Mexico SAB de CV saw a significant increase in short interest in August, rising by 451.8% to a total of 77,800 shares, where 0.0% of its shares are currently short sold.
• For its latest quarter, Wal-Mart de Mexico reported $0.33 earnings per share, missing estimates, with revenue of $12.63 billion, which was below analyst expectations.
• Scotiabank downgraded the stock from a "strong-buy" to a "hold" rating, while the company has an average rating of "Buy" according to MarketBeat data.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 77,800 shares, a growth of 451.8% from the August 15th total of 14,100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 122,900 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 122,900 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

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 research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy".

Wal-Mart de Mexico SAB de CV Trading Up 0.8%

Shares of WMMVY traded up $0.24 on Wednesday, hitting $31.15. 113,374 shares of the stock traded hands, compared to its average volume of 104,209. The company has a quick ratio of 0.34, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $54.34 billion, a P/E ratio of 20.77, a P/E/G ratio of 6.86 and a beta of 0.80. Wal-Mart de Mexico SAB de CV has a 1 year low of $24.30 and a 1 year high of $35.78. The stock's 50 day moving average is $30.00 and its two-hundred day moving average is $30.57.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last posted its quarterly 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 company had revenue of $12.63 billion for 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 earnings per share for the current year.

About Wal-Mart de Mexico SAB de CV

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.