Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Sees Large Growth in Short Interest

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,620 shares, an increase of 79.8% from the July 15th total of 1,457 shares. Based on an average daily volume of 21,128 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Grupo Simec Price Performance

SIM remained flat at $30.50 during midday trading on Tuesday. The company’s stock had a trading volume of 90 shares, compared to its average volume of 42,681. The business has a fifty day moving average of $29.66 and a 200 day moving average of $30.18. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 25.42 and a beta of 0.15. Grupo Simec has a 12 month low of $25.00 and a 12 month high of $34.59.

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.