Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) Short Interest Down 58.7% in May

Grupo Herdez, S.A.B. de C.V. (OTCMKTS:GUZOF) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 19,674 shares, a drop of 58.7% from the April 30th total of 47,674 shares. Based on an average daily volume of 475 shares, the days-to-cover ratio is presently 41.4 days.

Grupo Herdez Price Performance

Shares of OTCMKTS:GUZOF opened at C$3.80 on Friday. Grupo Herdez has a 1-year low of C$2.62 and a 1-year high of C$5.23. The business’s 50 day moving average is C$4.13 and its 200-day moving average is C$4.21.

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.