Short Interest in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Drops By 17.7%

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 451,657 shares, a drop of 17.7% from the February 12th total of 548,555 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Analyst Upgrades and Downgrades

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

Gruma Price Performance

GPAGF stock opened at $18.55 on Monday. The firm has a 50-day simple moving average of $17.81 and a two-hundred day simple moving average of $17.19. Gruma has a one year low of $14.16 and a one year high of $20.62.

Hedge Funds Weigh In On Gruma

An institutional investor recently bought a new position 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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

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.