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

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 451,657 shares, a decrease of 17.7% from the February 12th total of 548,555 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Gruma Price Performance

GPAGF opened at $18.55 on Tuesday. The stock has a fifty day moving average of $17.81 and a 200-day moving average of $17.20. Gruma has a fifty-two week low of $14.16 and a fifty-two week high of $20.62.

Institutional Trading of Gruma

A hedge fund recently bought a new stake 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 the company in its most recent Form 13F filing with the SEC. The fund acquired 25,600 shares of the company’s stock, valued at approximately $476,000. Institutional investors own 19.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays downgraded shares of Gruma from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Gruma currently has a consensus rating of “Sell”.

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.