Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Sees Significant Drop in Short Interest

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 65 shares, a decline of 48.0% from the November 30th total of 125 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 388 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 388 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Grupo Simec Trading Up 13.5%

Shares of NYSEAMERICAN:SIM traded up $3.51 during midday trading on Monday, hitting $29.51. The company had a trading volume of 7,349 shares, compared to its average volume of 803. Grupo Simec has a 12 month low of $22.15 and a 12 month high of $34.59. The firm has a fifty day simple moving average of $28.69 and a 200 day simple moving average of $27.91. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 27.07 and a beta of 0.34.

About Grupo Simec

Grupo Simec (NYSE American: SIM) is a Mexico?based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company’s core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value?added processing services to meet the precise specifications of fabricators and end users.

With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw?material sourcing, steelmaking and downstream processing.