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

GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 148,698 shares, a growth of 68.2% from the July 30th total of 88,417 shares. Based on an average daily volume of 7,040 shares, the short-interest ratio is currently 21.1 days.

GCC Trading Down 2.6%

Shares of OTCMKTS:GCWOF traded down $0.30 during midday trading on Monday, reaching $11.45. 190 shares of the company were exchanged, compared to its average volume of 8,552. GCC has a fifty-two week low of $9.08 and a fifty-two week high of $12.43. The stock has a fifty day simple moving average of $11.50 and a two-hundred day simple moving average of $11.40.

Analysts Set New Price Targets

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