Short Interest in Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) Increases By 115.8%

Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 53,444 shares, an increase of 115.8% from the March 31st total of 24,771 shares. Based on an average daily trading volume, of 6 shares, the short-interest ratio is currently 8,907.3 days.

Grupo Herdez Price Performance

Shares of GUZOF remained flat at C$4.12 during mid-day trading on Monday. The business has a 50-day moving average of C$4.55 and a two-hundred day moving average of C$4.21. Grupo Herdez has a one year low of C$2.62 and a one year high of C$5.23.

Grupo Herdez Company Profile

Grupo Herdez (OTCMKTS:GUZOF) is one of Mexico’s leading packaged food companies, with a portfolio of well-known brands serving both retail and foodservice channels. Established in Mexico City in the early 20th century, the company has grown from a regional sauce producer into a diversified food processor with operations spanning multiple product categories.

The company’s core offerings include salsas, sauces, canned vegetables, frozen foods, jams and jellies, and ready-to-eat meals. In addition to its flagship Herdez brand, the group holds licenses and partnerships to produce and distribute international brands in the Mexican market, such as Barilla pasta and McCormick spices.