Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Sees Large Growth in Short Interest

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,620 shares, an increase of 79.8% from the July 15th total of 1,457 shares. Based on an average trading volume of 21,128 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Grupo Simec Price Performance

Shares of Grupo Simec stock remained flat at $30.50 during mid-day trading on Monday. 430 shares of the company’s stock traded hands, compared to its average volume of 42,681. The company has a market cap of $4.69 billion, a PE ratio of 25.42 and a beta of 0.15. The stock has a fifty day moving average of $29.66 and a 200-day moving average of $30.18. Grupo Simec has a one year low of $25.00 and a one year high of $34.59.

About Grupo Simec

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.