Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Down 48.0% in December

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a significant decline in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 388 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 388 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Grupo Simec Stock Up 13.6%

NYSEAMERICAN SIM traded up $3.54 during trading on Friday, hitting $29.54. 7,349 shares of the stock traded hands, compared to its average volume of 800. The firm has a 50-day simple moving average of $28.69 and a 200-day simple moving average of $27.90. Grupo Simec has a 12-month low of $22.15 and a 12-month high of $34.59. The company has a market capitalization of $4.55 billion, a P/E ratio of 27.10 and a beta of 0.34.

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.