Betterware de México, SAPI de CV (NASDAQ:BWMX) Brief Interest Update


Mexico’s Betterware, CV SAPI (NASDAQ:BWMX – Get a rating) saw a significant drop in short-term interest in August. As of August 15, there was short interest totaling 121,900 shares, down 31.9% from the July 31 total of 178,900 shares. Based on an average daily volume of 79,700 shares, the day-to-cover ratio is currently 1.5 days. Approximately 0.7% of the company’s shares are sold short.

Betterware de México, SAPI de CV down 5.2%

Shares of NASDAQ BWMX were down $0.46 in Friday’s midday session, hitting $8.32. 132,042 shares were traded, against an average volume of 111,973. The company has a 50-day simple moving average of $10.14 and a two-hundred-day simple moving average of $14.09. The company has a market capitalization of $310.48 million, a price-earnings ratio of 5.01 and a beta of 1.22. Betterware de México, SAPI de CV has a 12-month low of $8.07 and a 12-month high of $42.50. The company has a debt ratio of 5.37, a current ratio of 1.32 and a quick ratio of 0.65.

Betterware de México, SAPI de CV cuts dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Investors of record on Thursday, August 25 will receive a dividend of $0.2406 per share. The ex-dividend date is Wednesday, August 24. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 11.57%. The distribution rate of Betterware de México, SAPI de CV is 57.83%.

Institutional investors weigh in on Betterware de México, SAPI de CV

A number of hedge funds and other institutional investors have recently changed their positions in the stock. Mmbg Investment Advisors CO. increased its holdings of shares of Betterware de México, SAPI de CV by 1.2% during the second quarter. Mmbg Investment Advisors CO. now owns 4,865,349 shares of the company worth $42,037,000 after acquiring an additional 58,188 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in the shares of Betterware de México, SAPI de CV during the first quarter at a value of $8,222,000. Goldman Sachs Group Inc. increased its stake in shares of Betterware de México, SAPI de CV by 216.5% during the second quarter. Goldman Sachs Group Inc. now owns 79,655 shares of the company worth $688,000 after acquiring an additional 54,484 shares during the period. Graham Capital Wealth Management LLC acquired a new stake in the shares of Betterware de México, SAPI de CV during the first quarter at a value of $1,170,000. Finally, Citadel Advisors LLC acquired a new equity stake in Betterware de México, SAPI de CV during the second quarter at a value of $448,000. 17.90% of the shares are currently held by institutional investors and hedge funds.

About Betterware de México, SAPI de CV

(Get a rating)

Betterware from Mexico, SAP.I. de CV operates as a direct-to-consumer company in Mexico. It focuses on the home organization segment with a product portfolio comprising solutions for the home, kitchen and food storage, technology and mobility, bedroom, bathroom, laundry and cleaning, and other categories.

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