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

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) was the target of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 186,700 shares, a drop of 7.3% from the July 31st total of 201,400 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is currently 37.3 days.

Grupo Comercial Chedraui Stock Performance

Shares of GCHEF stock opened at $5.70 on Thursday. The company’s fifty day moving average price is $5.65 and its 200-day moving average price is $5.53. Grupo Comercial Chedraui has a 12 month low of $4.78 and a 12 month high of $5.89.

About Grupo Comercial Chedraui

Grupo Comercial Chedraui, SAB. de C.V. operates selfservice stores. The company operates supermarkets for fruits and vegetables; res, pig, aves, fish, shrimp and shellfish, and other meats; coffee and tea, cereals and bars, cookies, soups, pastas, and purees; sausages, ham, bacon, and other cold meats; creams, eggs, leche, butter, marfarines, shortenings, yoghurt, and fermented; and cheese products.