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

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,375,205 shares, a growth of 38.4% from the February 26th total of 993,350 shares. Based on an average daily volume of 20 shares, the days-to-cover ratio is currently 68,760.3 days.

Grupo Comercial Chedraui Trading Down 1.5%

Shares of OTCMKTS:GCHEF opened at $5.84 on Tuesday. The firm’s 50 day simple moving average is $6.55 and its 200 day simple moving average is $7.11. Grupo Comercial Chedraui has a fifty-two week low of $5.70 and a fifty-two week high of $8.65.

Grupo Comercial Chedraui Company Profile

Grupo Comercial Chedraui, SAB. de C.V. (OTCMKTS:GCHEF) is a Mexico‐based retail company that operates a network of supermarkets and department stores. The company’s core business centers on the sale of groceries, household items, apparel and general merchandise to both urban and suburban customers. Through its primary Chedraui banner, it offers a range of private-label and national brands, including fresh produce, meat and bakery products, as well as electronics and home furnishings.

In addition to its operations in Mexico, Grupo Comercial Chedraui has pursued a strategic presence in the United States under the El Super and Fiesta banners.