Short Interest in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Increases By 396.9%

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 323 shares, an increase of 396.9% from the December 15th total of 65 shares. Based on an average daily trading volume, of 1,257 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 1,257 shares, the days-to-cover ratio is currently 0.3 days.

Grupo Simec Stock Down 4.8%

NYSEAMERICAN:SIM traded down $1.46 during midday trading on Tuesday, hitting $28.98. The company had a trading volume of 1,262 shares, compared to its average volume of 884. The company has a market capitalization of $4.68 billion, a PE ratio of 26.59 and a beta of 0.26. Grupo Simec has a 52-week low of $22.15 and a 52-week high of $34.59. The stock’s fifty day moving average price is $29.19 and its 200-day moving average price is $28.12.

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.