Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Sees Large Increase in Short Interest

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 384,160 shares, an increase of 165.3% from the August 15th total of 144,805 shares. Based on an average daily volume of 3 shares, the days-to-cover ratio is presently 128,053.3 days.

Institutional Trading of Gruma

An institutional investor recently bought a new stake in Gruma stock. McMillan Office Inc. purchased a new stake in shares of Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,600 shares of the company’s stock, valued at approximately $476,000. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Gruma Price Performance

GPAGF remained flat at $14.00 during trading hours on Monday. 100 shares of the company traded hands, compared to its average volume of 2,517. The stock’s 50-day moving average price is $15.65 and its 200 day moving average price is $17.37. Gruma has a 1 year low of $14.00 and a 1 year high of $20.62.

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.