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

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,524,600 shares, a growth 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 short-interest ratio is presently 142.6 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

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

Grupo México Stock Performance

GMBXF traded up $0.31 during trading on Monday, hitting $5.01. The stock had a trading volume of 6,906 shares, compared to its average volume of 30,019. Grupo México has a twelve month low of $4.39 and a twelve month high of $7.00. The company's 50-day moving average price is $5.00 and its 200 day moving average price is $5.09.

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.