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

by · The Markets Daily

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Get Free Report) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 156,104 shares, a decline of 53.6% from the June 15th total of 336,525 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Gruma Price Performance

GPAGF stock traded down $0.04 during trading on Tuesday, reaching $16.21. 10,350 shares of the company were exchanged, compared to its average volume of 2,392. The company has a 50-day moving average of $18.10 and a two-hundred day moving average of $18.11. Gruma has a twelve month low of $14.96 and a twelve month high of $20.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gruma stock. McMillan Office Inc. bought a new position in shares of Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,600 shares of the company’s stock, valued at approximately $476,000. 19.30% of the stock is owned by institutional investors and hedge funds.

Gruma Company Profile

(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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