Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Sees Significant Growth in Short Interest

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 323 shares, a growth of 396.9% from the December 15th total of 65 shares. Based on an average trading volume of 1,257 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 1,257 shares, the short-interest ratio is presently 0.3 days.

Grupo Simec Stock Down 4.8%

Grupo Simec stock traded down $1.46 during trading on Tuesday, hitting $28.98. The stock had a trading volume of 1,262 shares, compared to its average volume of 884. The stock’s 50 day moving average is $29.19 and its two-hundred day moving average is $28.12. Grupo Simec has a 1 year low of $22.15 and a 1 year high of $34.59. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 26.59 and a beta of 0.26.

About Grupo Simec

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.