Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Short Interest Update

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 270,451 shares, an increase of 73.3% from the June 30th total of 156,104 shares. Based on an average daily volume of 2,292 shares, the days-to-cover ratio is currently 118.0 days.

Institutional Investors Weigh In On Gruma

A hedge fund recently bought a new stake in Gruma stock. McMillan Office Inc. bought a new stake in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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.

Gruma Stock Performance

OTCMKTS GPAGF opened at $14.78 on Friday. The stock’s 50-day moving average is $17.59 and its two-hundred day moving average is $17.93. Gruma has a fifty-two week low of $14.16 and a fifty-two week high of $20.62.

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.