GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) Sees Large Growth in Short Interest

GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 148,698 shares, a growth of 68.2% from the July 30th total of 88,417 shares. Based on an average trading volume of 7,040 shares, the short-interest ratio is presently 21.1 days.

GCC Stock Performance

GCWOF traded down $0.30 on Monday, hitting $11.45. 190 shares of the company were exchanged, compared to its average volume of 8,552. GCC has a 12 month low of $9.08 and a 12 month high of $12.43. The stock’s fifty day moving average is $11.50 and its 200-day moving average is $11.40.

Analyst Ratings Changes

Separately, Santander raised shares of GCC to an “outperform” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

About GCC

Grupo Cementos de Chihuahua, SAB. de C.V., which trades on the U.S. OTC market as GCWOF, is an integrated producer of cement, ready?mix concrete, aggregates and asphalt. Founded in 1954 and headquartered in Chihuahua, Mexico, the company has developed a network of cement plants, distribution terminals and quarries to supply a wide range of construction materials. Its product portfolio includes bulk and specialty cements, value?added concrete solutions and aggregates tailored to residential, commercial and infrastructure projects.

GCC’s operations span multiple Mexican states—including Chihuahua, Durango, Baja California and Sonora—as well as distribution channels in select U.S.