Grupo Lala, S.A.B. de C.V. (OTCMKTS:GRPBF) Sees Large Growth in Short Interest

Grupo Lala, S.A.B. de C.V. (OTCMKTS:GRPBF) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,900 shares, an increase of 1,800.0% from the August 15th total of 100 shares. Based on an average daily volume of 33,400 shares, the short-interest ratio is presently 0.1 days.

OTCMKTS:GRPBF opened at $0.87 on Wednesday. Grupo Lala has a one year low of $0.50 and a one year high of $0.96. The business has a fifty day moving average price of $0.82 and a 200-day moving average price of $0.74.

A number of research firms have weighed in on GRPBF. JPMorgan Chase & Co. downgraded Grupo Lala from an “overweight” rating to a “neutral” rating in a report on Friday, August 27th. Barclays cut Grupo Lala from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 28th.

About Grupo Lala

Grupo Lala, SAB. de C.V. produces, transports, and markets flavored milk and beverages in Mexico. The company offers drinks, creams, milks, butter and margarine, chesses, smoothies yogurts, drinkable yogurts, deserts, gelatins, hams, sausages, mayonnaise, ice creams, and other products. It serves customers under the Lala, Nutrileche, Nutrideli, Nutrilety, Vigor, Borden, Promised Land, Eskimo, La Perfecta, Faixa Azul, Amelia, Danubio, Mesa, Fong, Serrabella, LecoYomi, Chiquitin, Soy Vita, Aquafrut, Plenia, Chambourcy, Fiorelo, Mileche, Boreal, Frusion, Nordica, Skim Plus, Monarca, Los Volcanes, Yome Lala, Queen, Promise Land, Reino Jong, and Le Chef brand names.

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