Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) Short Interest Down 62.7% in July

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 100,857 shares, a decline of 62.7% from the July 15th total of 270,451 shares. Based on an average daily volume of 1,966 shares, the short-interest ratio is currently 51.3 days.

Gruma Price Performance

GPAGF remained flat at $14.87 during midday trading on Friday. Gruma has a 52 week low of $14.00 and a 52 week high of $20.62. The firm has a fifty day moving average of $17.02 and a 200 day moving average of $17.81.

Institutional Investors Weigh In On Gruma

An institutional investor recently bought a new stake in Gruma stock. McMillan Office Inc. acquired a new stake in shares of Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 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.

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.