Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) Short Interest Up 99.2% in August

Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 502 shares, a growth of 99.2% from the August 15th total of 252 shares. Based on an average daily volume of 45 shares, the short-interest ratio is currently 11.2 days.

Grupo Herdez Price Performance

Shares of OTCMKTS GUZOF remained flat at C$2.90 during mid-day trading on Wednesday. The stock has a 50-day moving average price of C$2.99 and a 200 day moving average price of C$3.60. Grupo Herdez has a one year low of C$2.90 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.