Short Interest in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Increases By 239.6%

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,457 shares, an increase of 239.6% from the June 30th total of 429 shares. Based on an average trading volume of 242 shares, the short-interest ratio is currently 6.0 days. Currently, 0.0% of the shares of the stock are sold short.

Grupo Simec Trading Down 1.4%

Shares of Grupo Simec stock traded down $0.40 during midday trading on Tuesday, reaching $28.35. The company had a trading volume of 420 shares, compared to its average volume of 9,054. The stock has a fifty day simple moving average of $29.78 and a 200 day simple moving average of $30.22. Grupo Simec has a 1-year low of $25.00 and a 1-year high of $34.59. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 41.69 and a beta of 0.13.

Grupo Simec Company Profile

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.