Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Sees Significant Decrease in Short Interest

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 1,827,408 shares, a decrease of 71.3% from the January 29th total of 6,375,447 shares. Based on an average daily volume of 71,661 shares, the short-interest ratio is presently 25.5 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 71,661 shares, the short-interest ratio is presently 25.5 days.

Grupo Mexico Stock Performance

OTCMKTS GMBXF traded up $0.08 on Thursday, hitting $12.60. 26,979 shares of the stock were exchanged, compared to its average volume of 49,718. The business’s fifty day moving average is $10.91 and its 200 day moving average is $9.00. Grupo Mexico has a 52 week low of $4.39 and a 52 week high of $12.60.

Grupo Mexico Company Profile

Grupo México is a diversified Mexican industrial conglomerate with principal operations in mining, transportation and infrastructure. The company’s core business is the extraction and processing of base and precious metals, while complementary divisions provide freight rail and logistics services across Mexico. Grupo México operates as a vertically integrated enterprise that combines mineral production with the transport and logistics capabilities needed to move bulk commodities to market.

In mining, Grupo México is best known as the parent of Southern Copper Corporation and as one of the world’s larger copper producers.