Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Up 230.1% in July

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,470,156 shares, an increase of 230.1% from the June 30th total of 445,358 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 48,122 shares, the days-to-cover ratio is currently 30.6 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GMBXF. The Goldman Sachs Group upgraded shares of Grupo Mexico from a “hold” rating to a “buy” rating in a research note on Friday, April 10th. Scotiabank reiterated a “sector perform” rating on shares of Grupo Mexico in a research report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grupo Mexico has a consensus rating of “Hold”.

Grupo Mexico Price Performance

GMBXF traded up $0.06 on Friday, reaching $12.05. The stock had a trading volume of 11,269 shares, compared to its average volume of 17,586. Grupo Mexico has a fifty-two week low of $5.92 and a fifty-two week high of $12.95. The firm has a 50-day moving average of $11.90 and a 200-day moving average of $11.55.

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.