Short Interest in Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) Rises By 38.3%

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 982,536 shares, an increase of 38.3% from the January 15th total of 710,260 shares. Based on an average daily volume of 520 shares, the short-interest ratio is currently 1,889.5 days. Based on an average daily volume of 520 shares, the short-interest ratio is currently 1,889.5 days.

Grupo Comercial Chedraui Stock Performance

Shares of OTCMKTS:GCHEF opened at $6.90 on Friday. The company has a fifty day simple moving average of $7.05 and a 200 day simple moving average of $7.54. Grupo Comercial Chedraui has a 12-month low of $5.50 and a 12-month high of $8.65.

Grupo Comercial Chedraui Company Profile

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.