Short Interest in Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) Decreases By 90.5%

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 286,952 shares, a decrease of 90.5% from the May 14th total of 3,008,113 shares. Based on an average daily trading volume, of 291 shares, the short-interest ratio is presently 986.1 days.

Grupo Comercial Chedraui Price Performance

Shares of GCHEF opened at $5.25 on Wednesday. The company’s 50 day simple moving average is $5.79 and its 200 day simple moving average is $6.47. Grupo Comercial Chedraui has a 1 year low of $5.19 and a 1 year high of $8.65.

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.