Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Get Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 100,857 shares, a drop of 62.7% from the July 15th total of 270,451 shares. Based on an average daily volume of 1,966 shares, the days-to-cover ratio is currently 51.3 days.
Gruma Price Performance
OTCMKTS:GPAGF opened at $14.87 on Friday. Gruma has a 12 month low of $14.00 and a 12 month high of $20.62. The company has a 50 day simple moving average of $16.96 and a two-hundred day simple moving average of $17.79.
Hedge Funds Weigh In On Gruma
An institutional investor recently bought a new stake in Gruma stock. McMillan Office Inc. acquired a new position in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Free Report) in the 4th quarter, according to the company in 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. 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.
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