Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Shares Shorted: Short Interest Down 51.1% in September

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 797,930 shares, a decline of 51.1% from the August 31st total of 1,630,609 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 83,202 shares, the days-to-cover ratio is presently 9.6 days.

Analyst Upgrades and Downgrades

Separately, Scotiabank reiterated a “sector perform” rating on shares of Grupo Mexico in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Grupo Mexico Stock Down 3.5%

Shares of GMBXF traded down $0.44 during trading hours on Tuesday, hitting $12.10. The company had a trading volume of 32,545 shares, compared to its average volume of 30,736. The stock’s 50 day moving average price is $12.91 and its 200 day moving average price is $12.05. Grupo Mexico has a 52-week low of $6.96 and a 52-week high of $14.29.

Grupo Mexico Company Profile

Grupo México is a diversified Mexican company with core operations in mining, transportation and infrastructure. Its mining business is conducted primarily through Southern Copper Corporation, a major integrated copper producer with mining, smelting and refining activities in Mexico and Peru. The company produces copper and also recovers byproducts such as molybdenum, zinc, silver and sulfuric acid.

Grupo México’s principal mining assets include the Buenavista del Cobre operation in Sonora, Mexico, and the Cuajone and Toquepala mines in Peru.