Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Up 1,026.6% in January

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXFGet Free Report) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 3,278,419 shares, a growth of 1,026.6% from the December 31st total of 291,003 shares. Based on an average trading volume of 59,403 shares, the days-to-cover ratio is currently 55.2 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 59,403 shares, the days-to-cover ratio is currently 55.2 days.

Grupo Mexico Price Performance

Shares of OTCMKTS GMBXF traded up $0.07 during midday trading on Wednesday, hitting $11.57. 43,498 shares of the stock traded hands, compared to its average volume of 46,272. Grupo Mexico has a one year low of $4.39 and a one year high of $12.50. The firm has a 50-day moving average of $9.68 and a two-hundred day moving average of $8.20.

Analyst Ratings Changes

GMBXF has been the topic of several recent analyst reports. Hsbc Global Res raised shares of Grupo Mexico to a “hold” rating in a research report on Monday, October 6th. Jefferies Financial Group downgraded shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, HSBC reaffirmed a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Check Out Our Latest Research Report on GMBXF

About Grupo Mexico

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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.

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