Betterware de Mexico SAPI de C (NYSE:BWMX) Sees Large Increase in Short Interest

Betterware de Mexico SAPI de C (NYSE:BWMXGet Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 123,800 shares, agrowthof27.6% from the July 15th total of 97,000 shares. Approximately0.7% of the shares of the company are short sold. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is currently 1.8 days. Approximately0.7% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Betterware de Mexico SAPI de C from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 2nd.

Read Our Latest Report on Betterware de Mexico SAPI de C

Betterware de Mexico SAPI de C Trading Up 2.3%

NYSE BWMX opened at $13.41 on Friday. Betterware de Mexico SAPI de C has a 1 year low of $7.00 and a 1 year high of $14.46. The company has a market capitalization of $500.46 million, a price-to-earnings ratio of 16.97 and a beta of 1.24. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.46 and a current ratio of 0.93.

Betterware de Mexico SAPI de C Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 11th will be given a dividend of $0.2851 per share. The ex-dividend date is Monday, August 11th. This represents a $1.14 annualized dividend and a yield of 8.5%. Betterware de Mexico SAPI de C’s payout ratio is presently 130.38%.

Betterware de Mexico SAPI de C Company Profile

(Get Free Report)

Betterware de Mexico, SAB. de C.V. operates as a direct-to-consumer company in Mexico. The company focuses on the home organization segment with a product portfolio, including home solutions, kitchen and food preservation, technology and mobility, and other categories. It serves approximately 3 million households through distributors and associates in approximately 800 communities throughout Mexico.

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