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

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 1,827,408 shares, a drop of 71.3% from the January 29th total of 6,375,447 shares. Based on an average daily trading volume, of 71,661 shares, the short-interest ratio is currently 25.5 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 71,661 shares, the short-interest ratio is currently 25.5 days.

Grupo Mexico Stock Up 0.4%

GMBXF traded up $0.05 during midday trading on Friday, hitting $12.65. The company’s stock had a trading volume of 75,278 shares, compared to its average volume of 35,967. Grupo Mexico has a 52-week low of $4.39 and a 52-week high of $12.76. The firm has a 50-day moving average price of $11.04 and a two-hundred day moving average price of $9.07.

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.