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

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 8,229,203 shares, an increase of 350.3% from the February 12th total of 1,827,408 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 70,176 shares, the short-interest ratio is currently 117.3 days. Based on an average daily trading volume, of 70,176 shares, the short-interest ratio is currently 117.3 days. Currently, 0.1% of the company’s stock are short sold.

Grupo Mexico Trading Down 5.4%

Shares of GMBXF traded down $0.63 during trading hours on Thursday, hitting $10.90. The company had a trading volume of 5,186 shares, compared to its average volume of 45,532. Grupo Mexico has a one year low of $4.39 and a one year high of $12.76. The company’s fifty day moving average price is $11.38 and its two-hundred day moving average price is $9.35.

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.