Short Interest in Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) Expands By 373.9%

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEFGet Free Report) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,359,901 shares, a growth of 373.9% from the May 31st total of 286,952 shares. Based on an average daily volume of 1,495 shares, the days-to-cover ratio is currently 909.6 days.

Grupo Comercial Chedraui Stock Performance

OTCMKTS:GCHEF remained flat at $5.10 during trading hours on Friday. Grupo Comercial Chedraui has a 52 week low of $5.10 and a 52 week high of $8.65. The business has a fifty day moving average of $5.56 and a 200 day moving average of $6.28.

Grupo Comercial Chedraui Company Profile

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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.

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