Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Short Interest Update

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 261,818 shares, an increase of 66.0% from the December 31st total of 157,726 shares. Based on an average daily trading volume, of 412 shares, the days-to-cover ratio is currently 635.5 days. Based on an average daily trading volume, of 412 shares, the days-to-cover ratio is currently 635.5 days.

Wall Street Analyst Weigh In

Separately, Barclays lowered shares of Gruma from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Gruma Price Performance

OTCMKTS:GPAGF remained flat at $17.00 on Friday. Gruma has a 1 year low of $14.16 and a 1 year high of $20.62. The firm’s fifty day moving average is $17.34 and its 200-day moving average is $16.97.

Gruma Company Profile

Gruma, SAB. de C.V. is a Mexico-based multinational food processing company and one of the world’s leading producers of corn flour and tortillas. The company’s core business activities include the manufacture, marketing and sale of corn flour, wheat flour and related products under a portfolio of well-known brands such as Maseca, Mission and Guerrero. Gruma also produces and distributes a variety of flatbreads, snack foods and bakery items tailored to both retail consumers and the foodservice industry.

Founded in 1949 by Roberto González Barrera, Gruma has grown from a single tortilla plant in Monterrey into a global enterprise.