Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Down 80.4% in December

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 291,003 shares, a drop of 80.4% from the December 15th total of 1,488,185 shares. Based on an average daily trading volume, of 24,336 shares, the short-interest ratio is presently 12.0 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 trading volume, of 24,336 shares, the short-interest ratio is presently 12.0 days.

Grupo Mexico Stock Down 0.6%

GMBXF traded down $0.07 on Thursday, hitting $10.98. The company’s stock had a trading volume of 53,647 shares, compared to its average volume of 32,131. Grupo Mexico has a 12 month low of $4.39 and a 12 month high of $11.73. The company’s 50 day simple moving average is $9.22 and its 200-day simple moving average is $7.86.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Grupo Mexico to a “hold” rating in a research note on Monday, October 6th. The Goldman Sachs Group cut shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. HSBC reiterated a “hold” rating on shares of Grupo Mexico in a research note on Friday, October 17th. Finally, Jefferies Financial Group downgraded Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Grupo Mexico Company Profile

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.