Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) Sees Significant Decrease in Short Interest

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 603,479 shares, a decrease of 62.3% from the December 15th total of 1,602,590 shares. Based on an average trading volume of 19 shares, the days-to-cover ratio is presently 31,762.1 days. Based on an average trading volume of 19 shares, the days-to-cover ratio is presently 31,762.1 days.

Grupo Comercial Chedraui Stock Performance

GCHEF stock remained flat at $7.10 on Thursday. Grupo Comercial Chedraui has a 52 week low of $5.50 and a 52 week high of $8.65. The firm has a 50 day simple moving average of $7.24 and a 200 day simple moving average of $7.67.

About Grupo Comercial Chedraui

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.