Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Up 75.6% in March

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 2,524,600 shares, an increase of 75.6% from the March 15th total of 1,437,300 shares. Based on an average daily trading volume, of 17,700 shares, the days-to-cover ratio is currently 142.6 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Scotiabank raised Grupo México from a “strong sell” rating to a “hold” rating in a research note on Monday, March 10th.

Grupo México Price Performance

GMBXF stock opened at $4.70 on Friday. The company’s fifty day moving average price is $5.00 and its 200-day moving average price is $5.10. Grupo México has a one year low of $4.39 and a one year high of $7.00.

Grupo México Company Profile

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.