Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Down 25.5% in February

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,473,100 shares, a decline of 25.5% from the February 13th total of 1,978,400 shares. Based on an average daily volume of 84,600 shares, the short-interest ratio is presently 17.4 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised shares of Grupo México from a “strong sell” rating to a “hold” rating in a report on Monday, March 10th.

Grupo México Trading Up 0.6 %

Shares of GMBXF stock traded up $0.03 during trading hours on Monday, reaching $5.26. The company’s stock had a trading volume of 2,374 shares, compared to its average volume of 39,984. Grupo México has a fifty-two week low of $4.52 and a fifty-two week high of $7.00. The firm’s 50 day simple moving average is $5.03 and its 200-day simple moving average is $5.16.

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.