Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Sees Large Increase in Short Interest

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,470,156 shares, a growth of 230.1% from the June 30th total of 445,358 shares. Based on an average trading volume of 48,122 shares, the short-interest ratio is presently 30.6 days. Approximately 0.0% of the shares of the stock are short sold.

Grupo Mexico Stock Up 0.1%

OTCMKTS GMBXF traded up $0.02 on Tuesday, reaching $12.17. 14,629 shares of the company’s stock traded hands, compared to its average volume of 32,346. Grupo Mexico has a 12 month low of $5.92 and a 12 month high of $12.95. The stock has a 50-day simple moving average of $11.91 and a 200 day simple moving average of $11.58.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group raised Grupo Mexico from a “hold” rating to a “buy” rating in a research note on Friday, April 10th. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Mexico in a research note on Monday, June 15th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Grupo Mexico Company Profile

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.