Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) Sees Large Decline in Short Interest

Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 9,928 shares, a decline of 55.9% from the May 31st total of 22,511 shares. Based on an average daily volume of 73 shares, the short-interest ratio is currently 136.0 days.

Grupo Herdez Stock Performance

OTCMKTS GUZOF opened at C$2.94 on Monday. The business has a fifty day moving average price of C$3.61 and a two-hundred day moving average price of C$4.11. Grupo Herdez has a fifty-two week low of C$2.72 and a fifty-two week high of C$5.23.

About Grupo Herdez

Grupo Herdez (OTCMKTS:GUZOF) is one of Mexico’s leading packaged food companies, with a portfolio of well-known brands serving both retail and foodservice channels. Established in Mexico City in the early 20th century, the company has grown from a regional sauce producer into a diversified food processor with operations spanning multiple product categories.

The company’s core offerings include salsas, sauces, canned vegetables, frozen foods, jams and jellies, and ready-to-eat meals. In addition to its flagship Herdez brand, the group holds licenses and partnerships to produce and distribute international brands in the Mexican market, such as Barilla pasta and McCormick spices.