Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 3,719,900 shares, an increase of 121.3% from the August 15th total of 1,681,300 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 24,200 shares, the days-to-cover ratio is presently 153.7 days. Based on an average daily volume of 24,200 shares, the days-to-cover ratio is presently 153.7 days. Currently, 0.0% of the company's stock are short sold.
Grupo Mexico Stock Performance
OTCMKTS GMBXF traded up $0.33 during trading hours on Friday, hitting $7.34. 12,914 shares of the company's stock traded hands, compared to its average volume of 12,567. The business's fifty day moving average price is $6.54 and its two-hundred day moving average price is $5.71. Grupo Mexico has a 52 week low of $4.39 and a 52 week high of $7.34.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley upgraded shares of Grupo Mexico to an "overweight" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Read Our Latest Analysis on Grupo Mexico
About Grupo Mexico
(
Get Free Report)
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.
See Also
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