GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) Sees Significant Decline in Short Interest

GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 70,337 shares, a drop of 36.1% from the June 30th total of 110,099 shares. Based on an average daily volume of 5,040 shares, the days-to-cover ratio is currently 14.0 days.

GCC Price Performance

Shares of GCWOF opened at $11.46 on Thursday. GCC has a 52-week low of $8.83 and a 52-week high of $12.43. The business’s 50 day moving average price is $11.59 and its two-hundred day moving average price is $11.31.

Analyst Upgrades and Downgrades

Separately, Santander upgraded GCC to an “outperform” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

About GCC

Grupo Cementos de Chihuahua, SAB. de C.V., which trades on the U.S. OTC market as GCWOF, is an integrated producer of cement, ready‐mix concrete, aggregates and asphalt. Founded in 1954 and headquartered in Chihuahua, Mexico, the company has developed a network of cement plants, distribution terminals and quarries to supply a wide range of construction materials. Its product portfolio includes bulk and specialty cements, value‐added concrete solutions and aggregates tailored to residential, commercial and infrastructure projects.

GCC’s operations span multiple Mexican states—including Chihuahua, Durango, Baja California and Sonora—as well as distribution channels in select U.S.