Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Up 239.6% in July

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,457 shares, a growth of 239.6% from the June 30th total of 429 shares. Based on an average daily trading volume, of 242 shares, the days-to-cover ratio is presently 6.0 days. Currently, 0.0% of the company’s shares are sold short.

Grupo Simec Trading Down 5.3%

Grupo Simec stock traded down $1.49 during trading on Friday, hitting $26.51. The company had a trading volume of 3,542 shares, compared to its average volume of 12,198. Grupo Simec has a 1-year low of $25.00 and a 1-year high of $34.59. The company’s 50 day simple moving average is $29.81 and its 200-day simple moving average is $30.22. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 38.99 and a beta of 0.13.

About Grupo Simec

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.