Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Update

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) saw a large increase in short interest in the month of 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. Based on an average trading volume of 32,000 shares, the days-to-cover ratio is currently 1,479.8 days. Approximately 0.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded shares of Grupo México from a "strong sell" rating to a "hold" rating in a research report on Monday, March 10th.

Grupo México Stock Performance

GMBXF traded up $0.02 during trading on Thursday, hitting $5.64. 2,002 shares of the company traded hands, compared to its average volume of 24,994. The stock's 50-day simple moving average is $5.22 and its two-hundred day simple moving average is $5.10. Grupo México has a 1 year low of $4.39 and a 1 year high of $6.49.

About Grupo México

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.