Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Short Interest Up 38.7% in January

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 363,204 shares, an increase of 38.7% from the January 15th total of 261,818 shares. Based on an average daily trading volume, of 240 shares, the short-interest ratio is currently 1,513.4 days. Based on an average daily trading volume, of 240 shares, the short-interest ratio is currently 1,513.4 days.

Analyst Ratings Changes

Separately, Barclays lowered Gruma from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Gruma Price Performance

OTCMKTS:GPAGF opened at $18.55 on Tuesday. The business’s 50-day moving average is $17.77 and its two-hundred day moving average is $16.99. Gruma has a 12 month low of $14.16 and a 12 month high of $20.62.

Institutional Trading of Gruma

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) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

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.