Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Short Interest Up 21.6% in October

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 301,000 shares, an increase of 21.6% from the October 15th total of 247,500 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 1,505.0 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group started coverage on Gruma in a report on Monday, October 16th. They set a “buy” rating for the company.

Gruma Price Performance

Shares of OTCMKTS GPAGF opened at $16.29 on Tuesday. Gruma has a 1-year low of $12.85 and a 1-year high of $18.00. The stock has a fifty day moving average price of $15.53 and a 200 day moving average price of $15.24.

About Gruma

Gruma, SAB. de C.V., together with its subsidiaries, produces and sells corn flour, tortillas, and other related products. The company offers corn flour, snacks and/or cereal, beer grits, and polenta; prepared corn or wheat flours for pancakes, cakes, crêpes, brownies, churros, pizza dough, cachapas, sweet arepitas, etc.; corn and wheat tortillas; tortilla chips, taco shells, and tostadas; flatbreads, including wraps, pita bread, naan, chapatti, pizza doughs, piadina, breakfast breads, and crackers; sauces/dips; palmito; pasta; marinades; and rice and oats.