GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) Shares Shorted: Short Interest Down 72.0% in September

GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) was the recipient of a large 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 volume of 8,030 shares, the days-to-cover ratio is currently 3.6 days.

Wall Street Analyst Weigh In

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

GCC Stock Performance

Shares of OTCMKTS GCWOF remained flat at $10.60 during trading on Friday. GCC has a fifty-two week low of $9.08 and a fifty-two week high of $12.43. The firm has a 50-day moving average price of $11.26 and a 200-day moving average price of $11.32.

GCC Company Profile

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.