Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Up 1,026.6% in January

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 3,278,419 shares, a growth of 1,026.6% from the December 31st total of 291,003 shares. Based on an average daily volume of 59,403 shares, the short-interest ratio is currently 55.2 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 59,403 shares, the short-interest ratio is currently 55.2 days.

Wall Street Analyst Weigh In

GMBXF has been the subject of several research analyst reports. HSBC reissued a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. Hsbc Global Res upgraded Grupo Mexico to a “hold” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group downgraded Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Grupo Mexico Trading Up 3.7%

OTCMKTS:GMBXF traded up $0.43 during trading hours on Thursday, reaching $12.13. 51,762 shares of the company’s stock were exchanged, compared to its average volume of 58,708. The business’s 50-day simple moving average is $9.75 and its two-hundred day simple moving average is $8.23. Grupo Mexico has a 12 month low of $4.39 and a 12 month high of $12.50.

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.