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) saw a significant increase in short interest in 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 volume of 240 shares, the days-to-cover ratio is presently 1,513.4 days. Based on an average daily volume of 240 shares, the days-to-cover ratio is presently 1,513.4 days.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Gruma from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Gruma has an average rating of “Sell”.

Gruma Stock Performance

Shares of GPAGF stock opened at $18.55 on Friday. Gruma has a 1 year low of $14.16 and a 1 year high of $20.62. The business’s fifty day moving average is $17.72 and its 200-day moving average is $16.99.

Institutional Investors Weigh In On Gruma

A hedge fund recently bought a new stake in Gruma stock. McMillan Office Inc. purchased a new stake in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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.