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

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,233 shares, a decrease of 52.9% from the July 30th total of 2,620 shares. Based on an average daily volume of 60,034 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Grupo Simec Price Performance

Grupo Simec stock remained flat at $30.28 during midday trading on Friday. 674 shares of the company were exchanged, compared to its average volume of 30,445. Grupo Simec has a 1 year low of $25.00 and a 1 year high of $34.59. The company has a market capitalization of $4.65 billion, a P/E ratio of 25.23 and a beta of 0.15. The business has a 50-day moving average of $29.58 and a two-hundred day moving average of $30.14.

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.