Short Interest in Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) Expands By 38.4%

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 1,375,205 shares, an increase of 38.4% from the February 26th total of 993,350 shares. Based on an average trading volume of 20 shares, the short-interest ratio is currently 68,760.3 days.

Grupo Comercial Chedraui Price Performance

OTCMKTS GCHEF remained flat at $5.84 during trading hours on Friday. Grupo Comercial Chedraui has a one year low of $5.70 and a one year high of $8.65. The firm has a fifty day moving average of $6.57 and a 200 day moving average of $7.14.

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.