Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) Sees Large Decrease in Short Interest

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) saw a large decline in short interest in 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 stock are sold short.

Grupo México Stock Up 0.6 %

OTCMKTS GMBXF traded up $0.03 on Friday, hitting $5.26. 2,374 shares of the company were exchanged, compared to its average volume of 39,984. The firm has a 50 day moving average of $5.03 and a two-hundred day moving average of $5.16. Grupo México has a 1-year low of $4.52 and a 1-year high of $7.00.

Analyst Ratings Changes

Separately, Scotiabank upgraded shares of Grupo México from a “strong sell” rating to a “hold” rating in a research note 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.