Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Shares Shorted: Short Interest Down 56.7% in September

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 345,216 shares, a decrease of 56.7% from the September 15th total of 797,930 shares. Based on an average daily trading volume, of 23,595 shares, the short-interest ratio is presently 14.6 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded Grupo Mexico from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Grupo Mexico Stock Down 0.4%

Shares of Grupo Mexico stock traded down $0.05 during trading hours on Wednesday, reaching $13.33. 3,040 shares of the company were exchanged, compared to its average volume of 30,078. Grupo Mexico has a 1 year low of $7.71 and a 1 year high of $14.29. The stock’s fifty day moving average is $13.06 and its 200 day moving average is $12.23.

Grupo Mexico Company Profile

Grupo México is a diversified Mexican company with core operations in mining, transportation and infrastructure. Its mining business is conducted primarily through Southern Copper Corporation, a major integrated copper producer with mining, smelting and refining activities in Mexico and Peru. The company produces copper and also recovers byproducts such as molybdenum, zinc, silver and sulfuric acid.

Grupo México’s principal mining assets include the Buenavista del Cobre operation in Sonora, Mexico, and the Cuajone and Toquepala mines in Peru.