Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,473,100 shares, a decrease of 25.5% from the February 13th total of 1,978,400 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 84,600 shares, the days-to-cover ratio is currently 17.4 days.
Grupo México Trading Up 0.6 %
OTCMKTS:GMBXF traded up $0.03 during trading hours on Friday, reaching $5.26. 2,374 shares of the stock were exchanged, compared to its average volume of 39,984. Grupo México has a twelve month low of $4.52 and a twelve month high of $7.00. The firm has a 50 day moving average of $5.03 and a 200 day moving average of $5.16.
Wall Street Analysts Forecast Growth
Separately, Scotiabank upgraded Grupo México from a “strong sell” rating to a “hold” rating in a research report on Monday, March 10th.
Grupo México Company Profile
Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.
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