Short Interest in Operadora de Sites Mexicanos, S.A.B. de C.V. (OTCMKTS:OPMXF) Declines By 47.5%

Operadora de Sites Mexicanos, S.A.B. de C.V. (OTCMKTS:OPMXF) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 337,386 shares, a decline of 47.5% from the April 15th total of 642,532 shares. Based on an average trading volume of 14,090 shares, the days-to-cover ratio is currently 23.9 days.

Operadora de Sites Mexicanos Stock Down 1.0%

Shares of OTCMKTS OPMXF traded down $0.01 during mid-day trading on Friday, hitting $0.92. The stock had a trading volume of 9,212 shares, compared to its average volume of 6,463. Operadora de Sites Mexicanos has a 1 year low of $0.70 and a 1 year high of $1.15. The business has a 50 day moving average price of $0.91 and a two-hundred day moving average price of $0.88.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded shares of Operadora de Sites Mexicanos from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Operadora de Sites Mexicanos

Operadora de Sites Mexicanos, SAB. de C.V. engages in building, installing, maintaining, operating, leasing, and marketing of various types of towers and other support structures for the telecommunications sector in Mexico. It provides construction services comprises selection and acquisition of the property, and installation and operation of equipment, as well as physical spaces and other non-electronic elements for the installation of service networks. The company also provides site construction services for braced towers, self-supporting towers, monopole towers, and masts.