Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Short Interest Update

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 100,857 shares, a drop of 62.7% from the July 15th total of 270,451 shares. Based on an average daily trading volume, of 1,966 shares, the days-to-cover ratio is presently 51.3 days.

Gruma Price Performance

Shares of OTCMKTS:GPAGF remained flat at $14.87 during midday trading on Friday. The stock has a 50 day moving average price of $16.96 and a 200 day moving average price of $17.79. Gruma has a 1 year low of $14.00 and a 1 year high of $20.62.

Hedge Funds Weigh In On Gruma

A hedge fund recently bought a new position in Gruma stock. McMillan Office Inc. acquired a new stake in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,600 shares of the company’s stock, valued at approximately $476,000. 19.30% of the stock is currently owned by institutional investors and hedge funds.

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.