Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Down 23.8% in February

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 381 shares, a decline of 23.8% from the January 29th total of 500 shares. Based on an average trading volume of 624 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 624 shares, the short-interest ratio is presently 0.6 days.

Grupo Simec Price Performance

Shares of SIM stock traded up $0.52 during trading hours on Tuesday, reaching $31.32. The company had a trading volume of 672 shares, compared to its average volume of 613. The company has a 50 day moving average of $30.34 and a 200 day moving average of $28.80. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 66.65 and a beta of 0.26. Grupo Simec has a 1-year low of $23.60 and a 1-year high of $34.59.

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.