Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Short Interest Up 165.3% in August

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 384,160 shares, an increase of 165.3% from the August 15th total of 144,805 shares. Based on an average trading volume of 3 shares, the short-interest ratio is currently 128,053.3 days.

Gruma Stock Performance

OTCMKTS:GPAGF opened at $14.00 on Friday. Gruma has a one year low of $14.00 and a one year high of $20.62. The firm has a 50-day simple moving average of $15.65 and a 200-day simple moving average of $17.38.

Hedge Funds Weigh In On Gruma

A hedge fund recently bought a new position in Gruma stock. McMillan Office Inc. bought a new stake in shares of Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,600 shares of the company’s stock, valued at approximately $476,000. 19.30% of the stock is 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.