Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Up 31.3% in January

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 424 shares, an increase of 31.3% from the December 31st total of 323 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 668 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 668 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Grupo Simec Price Performance

Shares of NYSEAMERICAN:SIM traded up $2.25 on Monday, reaching $31.25. 1,860 shares of the company traded hands, compared to its average volume of 644. Grupo Simec has a fifty-two week low of $22.15 and a fifty-two week high of $34.59. The stock has a market capitalization of $4.80 billion, a PE ratio of 28.67 and a beta of 0.26. The company’s 50 day moving average is $29.45 and its 200-day moving average is $28.32.

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.