Short Interest in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Increases By 79.8%

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,620 shares, a growth of 79.8% from the July 15th total of 1,457 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 21,128 shares, the short-interest ratio is currently 0.1 days.

Grupo Simec Price Performance

Shares of SIM traded down $0.03 during mid-day trading on Friday, reaching $30.50. The company’s stock had a trading volume of 430 shares, compared to its average volume of 42,666. Grupo Simec has a 12-month low of $25.00 and a 12-month high of $34.59. The stock has a market cap of $4.69 billion, a PE ratio of 25.42 and a beta of 0.15. The company’s 50 day moving average is $29.65 and its 200 day moving average is $30.19.

Grupo Simec Company Profile

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.