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

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 156,104 shares, a decrease of 53.6% from the June 15th total of 336,525 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Gruma Price Performance

Shares of OTCMKTS:GPAGF remained flat at $16.21 during trading on Wednesday. 10,715 shares of the stock were exchanged, compared to its average volume of 2,452. Gruma has a 12 month low of $14.96 and a 12 month high of $20.62. The firm’s 50 day moving average is $18.07 and its two-hundred day moving average is $18.09.

Institutional Trading of Gruma

A hedge fund recently bought a new stake in Gruma stock. McMillan Office Inc. acquired a new stake in shares of Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,600 shares of the company’s stock, valued at approximately $476,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

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.