Short Interest in Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) Declines By 49.8%

Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 21,273 shares, a decline of 49.8% from the December 31st total of 42,412 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Grupo Herdez Price Performance

GUZOF opened at C$4.40 on Friday. Grupo Herdez has a 12 month low of C$2.52 and a 12 month high of C$4.40. The business has a 50 day simple moving average of C$4.10 and a 200-day simple moving average of C$3.70.

About Grupo Herdez

Grupo Herdez (OTCMKTS:GUZOF) is one of Mexico’s leading packaged food companies, with a portfolio of well-known brands serving both retail and foodservice channels. Established in Mexico City in the early 20th century, the company has grown from a regional sauce producer into a diversified food processor with operations spanning multiple product categories.

The company’s core offerings include salsas, sauces, canned vegetables, frozen foods, jams and jellies, and ready-to-eat meals. In addition to its flagship Herdez brand, the group holds licenses and partnerships to produce and distribute international brands in the Mexican market, such as Barilla pasta and McCormick spices.