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 large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 291,003 shares, a decrease of 80.4% from the December 15th total of 1,488,185 shares. Based on an average trading volume of 24,336 shares, the days-to-cover ratio is currently 12.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 24,336 shares, the days-to-cover ratio is currently 12.0 days.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. HSBC restated a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. The Goldman Sachs Group lowered Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Jefferies Financial Group cut shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Hsbc Global Res upgraded shares of Grupo Mexico to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Grupo Mexico Price Performance

GMBXF opened at $10.63 on Tuesday. The business’s fifty day moving average is $9.12 and its 200-day moving average is $7.81. Grupo Mexico has a 52-week low of $4.39 and a 52-week high of $10.70.

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.