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

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGFGet Rating) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 1,414,100 shares, a decrease of 26.6% from the March 31st total of 1,926,500 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 14,141.0 days.

Gruma stock remained flat at $$13.30 during mid-day trading on Monday. The company’s fifty day moving average price is $13.06 and its 200 day moving average price is $12.58. Gruma has a fifty-two week low of $10.50 and a fifty-two week high of $13.90.

About Gruma (Get Rating)

Gruma, SAB. de C.V., together with its subsidiaries, produces, sells, and exports corn flour, tortillas, and other related products. The company offers corn flour, grits snacks and/or cereal, beer grits, and polenta; prepared corn or wheat flours for pancakes, cakes, crêpes, brownies, churros, pizza dough, cachapas, sweet arepitas, etc.; corn and wheat tortillas; tortilla chips, taco shells, and tostadas; flatbreads, including wraps, pita bread, naan, chapatti, pizza doughs, piadina, breakfast breads, and crackers; sauces/dips; palmito; pasta; and rice and oats.

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