Short Interest in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Drops By 46.2%

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 700 shares, a decrease of 46.2% from the September 30th total of 1,300 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 300 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 300 shares, the short-interest ratio is presently 2.3 days. Currently, 0.0% of the shares of the stock are short sold.

Grupo Simec Price Performance

Shares of NYSEAMERICAN:SIM opened at $27.73 on Friday. The company’s fifty day moving average price is $27.27 and its 200-day moving average price is $27.37. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 25.44 and a beta of 0.25. Grupo Simec has a one year low of $22.15 and a one year high of $31.00.

About Grupo Simec

Grupo Simec, SAB. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.