Short Interest in Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) Drops By 62.3%

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 603,479 shares, a decline of 62.3% from the December 15th total of 1,602,590 shares. Based on an average daily volume of 19 shares, the short-interest ratio is presently 31,762.1 days. Based on an average daily volume of 19 shares, the short-interest ratio is presently 31,762.1 days.

Grupo Comercial Chedraui Price Performance

OTCMKTS:GCHEF remained flat at $7.10 during mid-day trading on Wednesday. Grupo Comercial Chedraui has a one year low of $5.50 and a one year high of $8.65. The company’s 50 day simple moving average is $7.24 and its two-hundred day simple moving average is $7.68.

About Grupo Comercial Chedraui

Grupo Comercial Chedraui, SAB. de C.V. (OTCMKTS:GCHEF) is a Mexico‐based retail company that operates a network of supermarkets and department stores. The company’s core business centers on the sale of groceries, household items, apparel and general merchandise to both urban and suburban customers. Through its primary Chedraui banner, it offers a range of private-label and national brands, including fresh produce, meat and bakery products, as well as electronics and home furnishings.

In addition to its operations in Mexico, Grupo Comercial Chedraui has pursued a strategic presence in the United States under the El Super and Fiesta banners.