Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 47,353,200 shares, an increase of 7,545.0% from the May 15th total of 619,400 shares. Currently, 0.6% of the company's stock are short sold. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is presently 1,479.8 days.
Analyst Upgrades and Downgrades
Separately, Scotiabank upgraded Grupo México from a "strong sell" rating to a "hold" rating in a report on Monday, March 10th.
Check Out Our Latest Report on GMBXF
Grupo México Price Performance
Shares of OTCMKTS:GMBXF traded down $0.05 on Friday, hitting $5.58. 1,680 shares of the company traded hands, compared to its average volume of 24,619. Grupo México has a 52 week low of $4.39 and a 52 week high of $6.49. The stock has a 50 day simple moving average of $5.26 and a 200-day simple moving average of $5.10.
About Grupo México
(
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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.
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