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

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 323 shares, a growth of 396.9% from the December 15th total of 65 shares. Based on an average trading volume of 1,257 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 1,257 shares, the days-to-cover ratio is presently 0.3 days.

Grupo Simec Trading Down 4.1%

NYSEAMERICAN:SIM traded down $1.26 during trading hours on Wednesday, reaching $29.22. 474 shares of the company were exchanged, compared to its average volume of 757. The stock’s 50-day moving average is $29.17 and its 200-day moving average is $28.13. Grupo Simec has a twelve month low of $22.15 and a twelve month high of $34.59. The firm has a market cap of $4.69 billion, a PE ratio of 26.81 and a beta of 0.26.

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.