Betterware de Mexico, SAB de CV (NASDAQ: BWMX) Short interest up 80.4% in May
Betterware de Mexico, SAB de CV (NASDAQ: BWMX) received a sharp increase in short-term interest in May. As of May 14, there was short interest totaling 19,300 shares, an increase of 80.4% from the total of 10,700 shares as of April 29. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 64,600 shares, the short-term interest rate is currently 0.3 days.
Mexico’s Betterware stock opened at $ 43.43 on Friday. The company has a 50-day moving average of $ 43.24 and a 200-day moving average of $ 37.83. Betterware de Mexico has a one-year minimum of $ 8.00 and a one-year maximum of $ 49.36. The company has a leverage ratio of 0.42, a current ratio of 1.03, and a quick ratio of 0.63. The company has a market capitalization of $ 1.59 billion and a price-to-earnings ratio of 92.40.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 20. Shareholders of record on Tuesday, May 18 received a dividend of $ 0.4761 per share. This represents a dividend of $ 1.90 on an annualized basis and a dividend yield of 4.38%. This is an increase from Betterware de Mexico’s previous quarterly dividend of $ 0.43. The ex-dividend date of this dividend was Monday, May 17. Betterware de Mexico’s dividend payout ratio is currently 363.83%.
Institutional investors recently bought and sold shares in the company. Lazard Asset Management LLC acquired a new position in shares of Betterware de Mexico during the 1st quarter valued at approximately $ 46,000. Penserra Capital Management LLC purchased a new stake in shares of Betterware de Mexico in the 4th quarter for a value of approximately $ 203,000. Acadian Asset Management LLC purchased a new 1st quarter stake in Betterware de Mexico stock valued at approximately $ 276,000. Alpha Paradigm Partners LLC purchased a new 1st quarter stake in Betterware Mexico City shares valued at approximately $ 380,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Betterware de Mexico shares in the 1st quarter valued at approximately $ 431,000. Institutional investors hold 3.56% of the company’s shares.
A number of stock analysts have recently weighed on BWMX stocks. Small Cap Consu reaffirmed a “buy” note and issued a price target of $ 53.00 on Betterware de Mexico stock in a research note on Friday, February 19. Zacks Investment Research downgraded Betterware Mexico City stocks from a “buy” rating to a “keep” rating in a research note on Tuesday, May 18.
Betterware Company Profile from Mexico
Betterware de Mexico, SAB. de CV operates as a direct-to-consumer business in Mexico. The company is focused on the home organization segment with a product portfolio including home organization, kitchen preparation, food containers, technology and mobility, etc. It serves approximately 3 million homes through distributors and associates in approximately 800 communities across Mexico.
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Check out the “7 Outdoor Recreation Stocks for Growth and Dividends.”