Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Update

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 367,152 shares, a decline of 92.1% from the May 31st total of 4,650,787 shares. Based on an average daily trading volume, of 63,379 shares, the days-to-cover ratio is currently 5.8 days. Approximately 0.0% of the company’s stock are sold short.

Grupo Mexico Price Performance

Shares of GMBXF traded down $0.06 during mid-day trading on Friday, hitting $11.45. 14,152 shares of the company’s stock were exchanged, compared to its average volume of 31,070. Grupo Mexico has a 52 week low of $5.80 and a 52 week high of $12.95. The company has a 50-day simple moving average of $11.95 and a 200 day simple moving average of $11.25.

Analyst Ratings Changes

Several brokerages have recently issued reports on GMBXF. Scotiabank reissued a “sector perform” rating on shares of Grupo Mexico in a research report on Monday, June 15th. The Goldman Sachs Group upgraded shares of Grupo Mexico from a “hold” rating to a “buy” rating in a report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

About Grupo Mexico

Grupo México is a diversified Mexican industrial conglomerate with principal operations in mining, transportation and infrastructure. The company’s core business is the extraction and processing of base and precious metals, while complementary divisions provide freight rail and logistics services across Mexico. Grupo México operates as a vertically integrated enterprise that combines mineral production with the transport and logistics capabilities needed to move bulk commodities to market.

In mining, Grupo México is best known as the parent of Southern Copper Corporation and as one of the world’s larger copper producers.