Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Sees Large Increase in Short Interest

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGFGet Free Report) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 261,818 shares, a growth of 66.0% from the December 31st total of 157,726 shares. Based on an average daily volume of 412 shares, the days-to-cover ratio is currently 635.5 days. Based on an average daily volume of 412 shares, the days-to-cover ratio is currently 635.5 days.

Analyst Ratings Changes

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

Read Our Latest Research Report on Gruma

Gruma Price Performance

GPAGF stock opened at $17.00 on Friday. Gruma has a twelve month low of $14.16 and a twelve month high of $20.62. The company’s 50 day moving average is $17.34 and its two-hundred day moving average is $16.97.

About Gruma

(Get Free Report)

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.

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