GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) Sees Significant Growth in Short Interest

GCC, S.A.B. de C.V. (OTCMKTS:GCWOF) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 148,698 shares, a growth of 68.2% from the July 30th total of 88,417 shares. Based on an average daily volume of 7,040 shares, the short-interest ratio is currently 21.1 days.

Analysts Set New Price Targets

Separately, Santander raised shares of GCC to an “outperform” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

GCC Price Performance

OTCMKTS:GCWOF opened at $11.45 on Wednesday. GCC has a one year low of $9.08 and a one year high of $12.43. The stock has a 50 day moving average price of $11.48 and a 200 day moving average price of $11.40.

About GCC

Grupo Cementos de Chihuahua, SAB. de C.V., which trades on the U.S. OTC market as GCWOF, is an integrated producer of cement, ready‐mix concrete, aggregates and asphalt. Founded in 1954 and headquartered in Chihuahua, Mexico, the company has developed a network of cement plants, distribution terminals and quarries to supply a wide range of construction materials. Its product portfolio includes bulk and specialty cements, value‐added concrete solutions and aggregates tailored to residential, commercial and infrastructure projects.

GCC’s operations span multiple Mexican states—including Chihuahua, Durango, Baja California and Sonora—as well as distribution channels in select U.S.