Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Update

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,470,156 shares, an increase of 230.1% from the June 30th total of 445,358 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 48,122 shares, the days-to-cover ratio is presently 30.6 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GMBXF. The Goldman Sachs Group raised Grupo Mexico from a “hold” rating to a “buy” rating in a report on Friday, April 10th. Scotiabank restated a “sector perform” rating on shares of Grupo Mexico in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Grupo Mexico currently has a consensus rating of “Hold”.

Grupo Mexico Stock Performance

Shares of GMBXF stock opened at $12.05 on Monday. Grupo Mexico has a 52-week low of $5.92 and a 52-week high of $12.95. The stock’s 50-day moving average price is $11.90 and its 200 day moving average price is $11.56.

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.