Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Update

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 291,003 shares, a decrease of 80.4% from the December 15th total of 1,488,185 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 24,336 shares, the short-interest ratio is presently 12.0 days. Based on an average daily volume of 24,336 shares, the short-interest ratio is presently 12.0 days. Currently, 0.0% of the shares of the stock are sold short.

Grupo Mexico Price Performance

Shares of Grupo Mexico stock opened at $10.63 on Tuesday. Grupo Mexico has a 52 week low of $4.39 and a 52 week high of $10.70. The stock has a 50 day moving average price of $9.12 and a two-hundred day moving average price of $7.81.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group lowered Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. HSBC reaffirmed a “hold” rating on shares of Grupo Mexico in a research note on Friday, October 17th. Hsbc Global Res raised shares of Grupo Mexico to a “hold” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group downgraded Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Grupo Mexico

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.