Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) Short Interest Update

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 200 shares, a decline of 77.8% from the October 15th total of 900 shares. Based on an average daily volume of 600 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Grupo Simec from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th.

Grupo Simec Stock Up 1.4 %

Shares of Grupo Simec stock traded up $0.38 during mid-day trading on Wednesday, hitting $26.88. 1,322 shares of the stock were exchanged, compared to its average volume of 1,116. Grupo Simec has a 12 month low of $25.00 and a 12 month high of $34.29. The stock has a market cap of $4.14 billion, a P/E ratio of 7.95 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. The company had revenue of $452.15 million during the quarter. Grupo Simec had a return on equity of 18.60% and a net margin of 29.44%.

Grupo Simec Company Profile

Grupo Simec, SAB. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.