Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Shares Shorted: Short Interest Down 51.1% in September

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 797,930 shares, a decrease of 51.1% from the August 31st total of 1,630,609 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 83,202 shares, the days-to-cover ratio is presently 9.6 days.

Analyst Ratings Changes

Separately, Scotiabank reissued a “sector perform” rating on shares of Grupo Mexico in a report on Monday, June 15th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Grupo Mexico Stock Down 3.5%

GMBXF stock traded down $0.44 during mid-day trading on Tuesday, reaching $12.10. 32,545 shares of the company traded hands, compared to its average volume of 30,736. Grupo Mexico has a 52-week low of $6.96 and a 52-week high of $14.29. The company has a fifty day moving average price of $12.91 and a 200-day moving average price of $12.05.

Grupo Mexico Company Profile

Grupo México is a diversified Mexican company with core operations in mining, transportation and infrastructure. Its mining business is conducted primarily through Southern Copper Corporation, a major integrated copper producer with mining, smelting and refining activities in Mexico and Peru. The company produces copper and also recovers byproducts such as molybdenum, zinc, silver and sulfuric acid.

Grupo México’s principal mining assets include the Buenavista del Cobre operation in Sonora, Mexico, and the Cuajone and Toquepala mines in Peru.