Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Up 239.6% in July

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,457 shares, an increase of 239.6% from the June 30th total of 429 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 242 shares, the days-to-cover ratio is presently 6.0 days.

Grupo Simec Trading Down 5.3%

SIM traded down $1.49 on Friday, hitting $26.51. 3,542 shares of the company’s stock were exchanged, compared to its average volume of 12,198. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 38.99 and a beta of 0.13. Grupo Simec has a fifty-two week low of $25.00 and a fifty-two week high of $34.59. The firm has a 50-day moving average price of $29.81 and a 200-day moving average price of $30.22.

About Grupo Simec

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.