Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Down 52.9% in August

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,233 shares, a decline of 52.9% from the July 30th total of 2,620 shares. Based on an average trading volume of 60,034 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Grupo Simec Stock Performance

NYSEAMERICAN SIM remained flat at $30.28 on Monday. 674 shares of the company’s stock traded hands, compared to its average volume of 30,377. Grupo Simec has a 12 month low of $25.00 and a 12 month high of $34.59. The firm has a market cap of $4.65 billion, a P/E ratio of 25.23 and a beta of 0.15. The firm has a fifty day simple moving average of $29.58 and a 200-day simple moving average of $30.13.

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.