Short Interest in Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Decreases By 71.3%

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,827,408 shares, a drop of 71.3% from the January 29th total of 6,375,447 shares. Based on an average daily volume of 71,661 shares, the days-to-cover ratio is presently 25.5 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 71,661 shares, the days-to-cover ratio is presently 25.5 days.

Grupo Mexico Stock Up 0.6%

Shares of OTCMKTS GMBXF traded up $0.08 during midday trading on Thursday, hitting $12.60. The stock had a trading volume of 26,979 shares, compared to its average volume of 49,718. Grupo Mexico has a fifty-two week low of $4.39 and a fifty-two week high of $12.60. The company’s 50-day simple moving average is $10.91 and its 200 day simple moving average is $9.00.

About Grupo Mexico

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.