Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 548,555 shares, an increase of 51.0% from the January 29th total of 363,204 shares. Based on an average daily volume of 140 shares, the short-interest ratio is presently 3,918.3 days. Based on an average daily volume of 140 shares, the short-interest ratio is presently 3,918.3 days.
Gruma Stock Performance
Shares of OTCMKTS:GPAGF remained flat at $18.55 during midday trading on Monday. Gruma has a 1 year low of $14.16 and a 1 year high of $20.62. The stock has a 50-day moving average price of $17.82 and a 200-day moving average price of $17.11.
Analysts Set New Price Targets
Separately, Barclays cut shares of Gruma from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
Institutional Trading of Gruma
A hedge fund recently bought a new stake in Gruma stock. McMillan Office Inc. acquired a new position in shares of Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,600 shares of the company’s stock, valued at approximately $476,000. Institutional investors and hedge funds 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.
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