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 drop in short interest in the month of June. As of June 30th, there was short interest totaling 156,104 shares, a drop of 53.6% from the June 15th total of 336,525 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Hedge Funds Weigh In On Gruma

A hedge fund recently bought a new stake in Gruma stock. McMillan Office Inc. purchased a new position in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,600 shares of the company’s stock, valued at approximately $476,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

Gruma Price Performance

Shares of Gruma stock remained flat at $16.21 during midday trading on Thursday. The company had a trading volume of 10,715 shares, compared to its average volume of 2,452. The company’s 50 day moving average is $18.03 and its 200 day moving average is $18.08. Gruma has a one year low of $14.96 and a one year high of $20.62.

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.