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 increase in short interest in the month of January. As of January 30th, there was short interest totaling 363,204 shares, an increase of 38.7% from the January 15th total of 261,818 shares. Based on an average daily trading volume, of 240 shares, the short-interest ratio is currently 1,513.4 days. Based on an average daily trading volume, of 240 shares, the short-interest ratio is currently 1,513.4 days.

Gruma Stock Performance

OTCMKTS:GPAGF remained flat at $18.55 during mid-day trading on Monday. Gruma has a 1 year low of $14.16 and a 1 year high of $20.62. The business’s 50 day simple moving average is $17.72 and its 200-day simple moving average is $16.98.

Institutional Trading of Gruma

An institutional investor recently bought a new position in Gruma stock. McMillan Office Inc. acquired a new position in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 25,600 shares of the company’s stock, valued at approximately $476,000. 19.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Gruma from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Gruma currently has a consensus rating of “Sell”.

About Gruma

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.