Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,359,901 shares, a growth of 373.9% from the May 31st total of 286,952 shares. Based on an average daily volume of 1,495 shares, the days-to-cover ratio is presently 909.6 days.
Grupo Comercial Chedraui Price Performance
Shares of OTCMKTS:GCHEF opened at $5.10 on Monday. The firm has a fifty day moving average price of $5.56 and a two-hundred day moving average price of $6.28. Grupo Comercial Chedraui has a one year low of $5.10 and a one year high of $8.65.
About Grupo Comercial Chedraui
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.
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