Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Update

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 744 shares, a growth of 95.3% from the February 12th total of 381 shares. Based on an average daily volume of 657 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 657 shares, the days-to-cover ratio is presently 1.1 days.

Grupo Simec Stock Performance

NYSEAMERICAN:SIM remained flat at $30.80 during midday trading on Thursday. 167 shares of the company were exchanged, compared to its average volume of 404. The stock has a market cap of $4.73 billion, a PE ratio of 65.53 and a beta of 0.26. The business’s 50-day simple moving average is $30.47 and its two-hundred day simple moving average is $28.94. Grupo Simec has a 1 year low of $23.60 and a 1 year high of $34.59.

Grupo Simec Company Profile

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.