Short Interest in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Decreases By 48.8%

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 539 shares, a drop of 48.8% from the March 31st total of 1,052 shares. Based on an average daily volume of 330 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.0% of the shares of the company are short sold.

Grupo Simec Stock Down 8.8%

Shares of NYSEAMERICAN:SIM traded down $2.70 during trading on Wednesday, hitting $28.01. The stock had a trading volume of 188 shares, compared to its average volume of 951. Grupo Simec has a 12-month low of $25.00 and a 12-month high of $34.59. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 59.60 and a beta of 0.30. The stock has a 50-day simple moving average of $30.82 and a two-hundred day simple moving average of $29.75.

Grupo Simec (NYSEAMERICAN:SIM) last posted its earnings results on Saturday, February 14th. The basic materials company reported $0.26 EPS for the quarter. The firm had revenue of $442.30 million for the quarter. Grupo Simec had a return on equity of 2.55% and a net margin of 5.01%.

Grupo Simec Company Profile

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.