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) was the target of a significant drop in short interest in the month of 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 trading volume, of 475 shares, the short-interest ratio is currently 41.4 days.

Grupo Herdez Price Performance

GUZOF stock remained flat at C$3.80 during trading on Tuesday. The firm has a 50 day simple moving average of C$4.11 and a 200-day simple moving average of C$4.21. Grupo Herdez has a 52-week low of C$2.62 and a 52-week high of C$5.23.

Grupo Herdez Company Profile

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.