Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Up 94.5% in January

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 6,375,447 shares, an increase of 94.5% from the January 15th total of 3,278,419 shares. Based on an average daily volume of 186,070 shares, the days-to-cover ratio is presently 34.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 186,070 shares, the days-to-cover ratio is presently 34.3 days.

Grupo Mexico Stock Up 3.3%

Shares of GMBXF stock opened at $12.19 on Friday. Grupo Mexico has a 12-month low of $4.39 and a 12-month high of $12.55. The business’s fifty day simple moving average is $10.50 and its 200-day simple moving average is $8.69.

Grupo Mexico Company Profile

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.