Short Interest in GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) Decreases By 36.1%

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

GCC Stock Performance

Shares of GCWOF stock traded down $0.01 on Friday, reaching $11.45. The company had a trading volume of 5,487 shares, compared to its average volume of 8,539. The company has a 50-day moving average of $11.58 and a 200-day moving average of $11.31. GCC has a 12 month low of $9.08 and a 12 month high of $12.43.

Analysts Set New Price Targets

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

GCC Company Profile

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.