Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) Sees Significant Increase in Short Interest

Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOFGet Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 240,600 shares, a growth of 25.3% from the April 15th total of 192,000 shares. Based on an average trading volume of 139,700 shares, the short-interest ratio is currently 1.7 days.

Separately, Scotiabank raised shares of Grupo Herdez from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 4th.

Shares of GUZOF stock remained flat at $1.50 during trading hours on Tuesday. 4,000 shares of the stock traded hands, compared to its average volume of 24,839. The stock has a 50 day moving average of 1.47. Grupo Herdez has a 12-month low of 1.18 and a 12-month high of 2.73.

Grupo Herdez Company Profile (Get Rating)

Grupo Herdez, SAB. de C.V., a food company, engages in the manufacture, purchase, distribution, and marketing of canned and packed food products in Mexico and internationally. The company provides tuna, spices, guacamole, ice cream, mayonnaise, marmalades, honey, mole, mustard, pastas, organic products, tomato puree, homemade sauces, ketchup, tea, canned vegetables, and other products under the Aires de Campo, Barilla, Blasón, Búfalo, Cielito Querido Café, Del Fuerte, Doña María, Embasa, Helados Nestlé, Herdez, McCormick, Moyo, Nutrisa, La Victoria, Wholly Guacamole, and Yemina brands.

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