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

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 286,952 shares, a decline of 90.5% from the May 14th total of 3,008,113 shares. Based on an average daily trading volume, of 291 shares, the short-interest ratio is presently 986.1 days.

Grupo Comercial Chedraui Trading Up 1.2%

Shares of OTCMKTS:GCHEF traded up $0.06 on Tuesday, hitting $5.25. 1,000 shares of the company were exchanged, compared to its average volume of 4,258. Grupo Comercial Chedraui has a 1-year low of $5.19 and a 1-year high of $8.65. The stock’s 50 day moving average price is $5.79 and its 200 day moving average price is $6.47.

Grupo Comercial Chedraui Company Profile

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.