Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) Sees Significant Decline in Short Interest

Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 19,674 shares, a drop of 58.7% from the April 30th total of 47,674 shares. Based on an average daily trading volume, of 475 shares, the days-to-cover ratio is presently 41.4 days.

Grupo Herdez Price Performance

Shares of GUZOF stock remained flat at C$3.80 during trading hours on Monday. Grupo Herdez has a fifty-two week low of C$2.62 and a fifty-two week high of C$5.23. The stock has a 50-day moving average price of C$4.13 and a two-hundred day moving average price of C$4.21.

About Grupo Herdez

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.