Short Interest in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Drops By 62.7%

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 100,857 shares, a decline of 62.7% from the July 15th total of 270,451 shares. Based on an average trading volume of 1,966 shares, the days-to-cover ratio is currently 51.3 days.

Gruma Price Performance

Shares of OTCMKTS:GPAGF remained flat at $14.87 during trading on Friday. Gruma has a one year low of $14.00 and a one year high of $20.62. The company has a 50-day simple moving average of $17.02 and a 200-day simple moving average of $17.81.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Gruma stock. McMillan Office Inc. acquired a new stake in shares of Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,600 shares of the company’s stock, valued at approximately $476,000. 19.30% of the stock is currently owned by institutional investors.

Gruma Company Profile

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.