Short Interest in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Rises By 239.6%

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,457 shares, an increase of 239.6% from the June 30th total of 429 shares. Based on an average daily trading volume, of 242 shares, the short-interest ratio is currently 6.0 days. Approximately 0.0% of the company’s shares are short sold.

Grupo Simec Price Performance

Shares of SIM stock traded up $2.24 during trading on Monday, hitting $28.75. 3,260 shares of the stock traded hands, compared to its average volume of 12,373. Grupo Simec has a 52-week low of $25.00 and a 52-week high of $34.59. The firm has a market capitalization of $4.42 billion, a P/E ratio of 38.99 and a beta of 0.13. The firm’s fifty day moving average price is $29.78 and its 200-day moving average price is $30.22.

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.