Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) Sees Large Drop in Short Interest

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 603,479 shares, a decline of 62.3% from the December 15th total of 1,602,590 shares. Based on an average trading volume of 19 shares, the days-to-cover ratio is currently 31,762.1 days. Based on an average trading volume of 19 shares, the days-to-cover ratio is currently 31,762.1 days.

Grupo Comercial Chedraui Stock Performance

OTCMKTS:GCHEF remained flat at $7.10 on Wednesday. Grupo Comercial Chedraui has a 52 week low of $5.50 and a 52 week high of $8.65. The company has a fifty day simple moving average of $7.24 and a 200-day simple moving average of $7.68.

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.