Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Sees Significant Increase in Short Interest

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 261,818 shares, an increase of 66.0% from the December 31st total of 157,726 shares. Based on an average trading volume of 412 shares, the days-to-cover ratio is presently 635.5 days. Based on an average trading volume of 412 shares, the days-to-cover ratio is presently 635.5 days.

Analysts Set New Price Targets

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

Gruma Stock Performance

Shares of GPAGF opened at $17.00 on Friday. The business’s fifty day moving average price is $17.34 and its 200 day moving average price is $16.97. Gruma has a 12-month low of $14.16 and a 12-month high of $20.62.

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.