Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Update

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,233 shares, a drop of 52.9% from the July 30th total of 2,620 shares. Based on an average daily volume of 60,034 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Grupo Simec Price Performance

Shares of Grupo Simec stock remained flat at $30.28 on Friday. The stock had a trading volume of 674 shares, compared to its average volume of 30,445. The firm has a market capitalization of $4.65 billion, a P/E ratio of 25.23 and a beta of 0.15. The business has a 50-day simple moving average of $29.58 and a 200-day simple moving average of $30.14. Grupo Simec has a 1-year low of $25.00 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.