Short Interest in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Increases By 79.8%

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 2,620 shares, an increase of 79.8% from the July 15th total of 1,457 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 21,128 shares, the days-to-cover ratio is currently 0.1 days.

Grupo Simec Stock Down 0.1%

SIM stock traded down $0.03 during midday trading on Friday, hitting $30.50. The company’s stock had a trading volume of 430 shares, compared to its average volume of 42,666. Grupo Simec has a 52-week low of $25.00 and a 52-week high of $34.59. The firm has a market capitalization of $4.69 billion, a P/E ratio of 25.42 and a beta of 0.15. The firm has a 50-day simple moving average of $29.65 and a 200-day simple moving average of $30.19.

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.