Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Sees Large Decrease in Short Interest

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 65 shares, a decline of 48.0% from the November 30th total of 125 shares. Based on an average daily volume of 388 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 388 shares, the days-to-cover ratio is presently 0.2 days.

Grupo Simec Price Performance

NYSEAMERICAN:SIM traded up $3.54 during midday trading on Friday, hitting $29.54. The company’s stock had a trading volume of 7,349 shares, compared to its average volume of 800. Grupo Simec has a fifty-two week low of $22.15 and a fifty-two week high of $34.59. The firm has a market cap of $4.55 billion, a P/E ratio of 27.10 and a beta of 0.34. The firm’s 50 day moving average is $28.69 and its 200-day moving average is $27.90.

Grupo Simec Company Profile

Grupo Simec (NYSE American: SIM) is a Mexico‐based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company’s core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value‐added processing services to meet the precise specifications of fabricators and end users.

With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw‐material sourcing, steelmaking and downstream processing.