Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) Sees Large Increase in Short Interest

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,359,901 shares, an increase of 373.9% from the May 31st total of 286,952 shares. Based on an average daily volume of 1,495 shares, the short-interest ratio is currently 909.6 days.

Grupo Comercial Chedraui Price Performance

GCHEF stock remained flat at $5.10 during mid-day trading on Friday. Grupo Comercial Chedraui has a 52-week low of $5.10 and a 52-week high of $8.65. The business has a fifty day simple moving average of $5.56 and a 200-day simple moving average of $6.28.

Grupo Comercial Chedraui Company Profile

Grupo Comercial Chedraui, SAB. de C.V. (OTCMKTS:GCHEF) is a Mexico‐based retail company that operates a network of supermarkets and department stores. The company’s core business centers on the sale of groceries, household items, apparel and general merchandise to both urban and suburban customers. Through its primary Chedraui banner, it offers a range of private-label and national brands, including fresh produce, meat and bakery products, as well as electronics and home furnishings.

In addition to its operations in Mexico, Grupo Comercial Chedraui has pursued a strategic presence in the United States under the El Super and Fiesta banners.