GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) Stock Short Interest Falls 72.0%

GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 29,227 shares, a decrease of 72.0% from the August 31st total of 104,415 shares. Based on an average daily trading volume, of 8,030 shares, the short-interest ratio is presently 3.6 days.

Wall Street Analysts Forecast Growth

Separately, Santander raised GCC to an “outperform” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

GCC Trading Down 3.3%

OTCMKTS:GCWOF traded down $0.35 during mid-day trading on Monday, reaching $10.25. 5,000 shares of the stock were exchanged, compared to its average volume of 8,194. The company has a 50 day simple moving average of $11.26 and a 200-day simple moving average of $11.32. GCC has a 1 year low of $9.08 and a 1 year high of $12.43.

About GCC

GCC, SAB. de C.V., formerly known as Grupo Cementos de Chihuahua, is a building materials company that produces and distributes cement and related products. Its offerings include cement, ready-mix concrete, aggregates, concrete products and other materials used in residential, commercial and infrastructure construction.

The company serves customers in Mexico and the United States through manufacturing plants, distribution facilities and logistics operations in its markets. GCC supplies ready-mix producers, contractors, concrete-product manufacturers, industrial customers and retail channels.

Founded in 1941 in Chihuahua, Mexico, GCC has expanded from a regional cement producer into an international building materials supplier.