Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Update
by Teresa Graham · The Cerbat GemGrupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 291,003 shares, a decrease of 80.4% from the December 15th total of 1,488,185 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 24,336 shares, the short-interest ratio is currently 12.0 days. Based on an average daily volume of 24,336 shares, the short-interest ratio is currently 12.0 days. Approximately 0.0% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on GMBXF shares. HSBC reaffirmed a “hold” rating on shares of Grupo Mexico in a research note on Friday, October 17th. Jefferies Financial Group downgraded shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. The Goldman Sachs Group lowered shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, Hsbc Global Res upgraded Grupo Mexico to a “hold” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on GMBXF
Grupo Mexico Stock Up 2.8%
Shares of OTCMKTS GMBXF traded up $0.30 during mid-day trading on Wednesday, hitting $11.05. The stock had a trading volume of 84,103 shares, compared to its average volume of 30,248. The business has a 50 day moving average price of $9.17 and a two-hundred day moving average price of $7.84. Grupo Mexico has a 1 year low of $4.39 and a 1 year high of $11.73.
Grupo Mexico Company Profile
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.