Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Get Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 451,657 shares, a decline of 17.7% from the February 12th total of 548,555 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.
Gruma Stock Performance
Shares of OTCMKTS GPAGF opened at $18.55 on Monday. The firm’s fifty day moving average is $17.81 and its two-hundred day moving average is $17.19. Gruma has a 52-week low of $14.16 and a 52-week high of $20.62.
Wall Street Analyst Weigh In
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, According to MarketBeat, the stock presently has an average rating of “Sell”.
Institutional Investors Weigh In On Gruma
A hedge fund recently bought a new stake in Gruma stock. McMillan Office Inc. acquired a new position in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,600 shares of the company’s stock, valued at approximately $476,000. 19.30% of the stock is owned by hedge funds and other institutional investors.
Gruma Company Profile
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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