Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 384,160 shares, a growth of 165.3% from the August 15th total of 144,805 shares. Based on an average daily trading volume, of 3 shares, the days-to-cover ratio is currently 128,053.3 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Gruma stock. McMillan Office Inc. bought a new stake in shares of Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,600 shares of the company’s stock, valued at approximately $476,000. Institutional investors and hedge funds own 19.30% of the company’s stock.
Gruma Stock Performance
Shares of GPAGF stock opened at $14.00 on Friday. The company’s 50-day simple moving average is $15.65 and its two-hundred day simple moving average is $17.38. Gruma has a one year low of $14.00 and a one year high of $20.62.
About Gruma
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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