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:GUZOF) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 24,771 shares, an increase of 92.1% from the March 15th total of 12,897 shares. Based on an average daily trading volume, of 493 shares, the days-to-cover ratio is currently 50.2 days.

Grupo Herdez Stock Performance

Shares of OTCMKTS:GUZOF opened at C$4.55 on Monday. The business has a fifty day moving average of C$4.58 and a two-hundred day moving average of C$4.17. Grupo Herdez has a 52-week low of C$2.55 and a 52-week high of C$5.23.

Grupo Herdez Company Profile

Grupo Herdez (OTCMKTS:GUZOF) is one of Mexico’s leading packaged food companies, with a portfolio of well-known brands serving both retail and foodservice channels. Established in Mexico City in the early 20th century, the company has grown from a regional sauce producer into a diversified food processor with operations spanning multiple product categories.

The company’s core offerings include salsas, sauces, canned vegetables, frozen foods, jams and jellies, and ready-to-eat meals. In addition to its flagship Herdez brand, the group holds licenses and partnerships to produce and distribute international brands in the Mexican market, such as Barilla pasta and McCormick spices.