Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Down 40.6% in December

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 1,489,240 shares, a decline of 40.6% from the November 30th total of 2,508,945 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 119,937 shares, the days-to-cover ratio is presently 12.4 days. Based on an average daily trading volume, of 119,937 shares, the days-to-cover ratio is presently 12.4 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Grupo Mexico to a “hold” rating in a research report on Monday, October 6th. HSBC restated a “hold” rating on shares of Grupo Mexico in a report on Friday, October 17th. The Goldman Sachs Group lowered Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Finally, Jefferies Financial Group downgraded Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Grupo Mexico Price Performance

Grupo Mexico stock traded down $0.31 during midday trading on Monday, reaching $9.48. The stock had a trading volume of 4,903 shares, compared to its average volume of 28,257. The stock’s 50-day simple moving average is $8.82 and its 200 day simple moving average is $7.49. Grupo Mexico has a twelve month low of $4.39 and a twelve month high of $10.02.

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.