Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Sees Significant Increase in Short Interest

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 424 shares, an increase of 31.3% from the December 31st total of 323 shares. Based on an average daily volume of 668 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 668 shares, the short-interest ratio is presently 0.6 days.

Grupo Simec Price Performance

Shares of NYSEAMERICAN:SIM opened at $31.48 on Wednesday. The business’s 50-day moving average is $29.57 and its 200 day moving average is $28.37. Grupo Simec has a 1 year low of $23.60 and a 1 year high of $34.59. The firm has a market capitalization of $4.84 billion, a P/E ratio of 28.88 and a beta of 0.26.

About Grupo Simec

Grupo Simec (NYSE American: SIM) is a Mexico‐based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company’s core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value‐added processing services to meet the precise specifications of fabricators and end users.

With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw‐material sourcing, steelmaking and downstream processing.