Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF – Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 286,952 shares, a decline of 90.5% from the May 14th total of 3,008,113 shares. Based on an average daily volume of 291 shares, the short-interest ratio is currently 986.1 days.
Grupo Comercial Chedraui Trading Up 1.2%
Shares of Grupo Comercial Chedraui stock traded up $0.06 during trading hours on Tuesday, reaching $5.25. The stock had a trading volume of 1,000 shares, compared to its average volume of 4,258. The stock’s 50 day moving average is $5.79 and its 200 day moving average is $6.47. Grupo Comercial Chedraui has a twelve month low of $5.19 and a twelve month high of $8.65.
About Grupo Comercial Chedraui
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.
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