Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Down 92.1% in June

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 367,152 shares, a decrease of 92.1% from the May 31st total of 4,650,787 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 63,379 shares, the short-interest ratio is currently 5.8 days.

Grupo Mexico Stock Performance

OTCMKTS GMBXF traded down $0.09 on Thursday, hitting $11.51. The stock had a trading volume of 175,369 shares, compared to its average volume of 31,372. The firm has a 50-day moving average of $11.97 and a 200-day moving average of $11.25. Grupo Mexico has a 52-week low of $5.79 and a 52-week high of $12.95.

Analysts Set New Price Targets

Several research analysts have commented on the company. Scotiabank restated a “sector perform” rating on shares of Grupo Mexico in a research note on Monday, June 15th. The Goldman Sachs Group upgraded Grupo Mexico from a “hold” rating to a “buy” rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Grupo Mexico has a consensus rating of “Hold”.

About Grupo Mexico

Grupo México is a diversified Mexican industrial conglomerate with principal operations in mining, transportation and infrastructure. The company’s core business is the extraction and processing of base and precious metals, while complementary divisions provide freight rail and logistics services across Mexico. Grupo México operates as a vertically integrated enterprise that combines mineral production with the transport and logistics capabilities needed to move bulk commodities to market.

In mining, Grupo México is best known as the parent of Southern Copper Corporation and as one of the world’s larger copper producers.