Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 619,400 shares, a growth of 25.6% from the April 30th total of 493,200 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 27,100 shares, the short-interest ratio is currently 22.9 days.
Grupo México Stock Up 5.2%
Grupo México stock traded up $0.28 during trading on Friday, reaching $5.63. 35,401 shares of the company's stock were exchanged, compared to its average volume of 25,622. Grupo México has a 52-week low of $4.39 and a 52-week high of $6.49. The company's 50-day moving average is $5.16 and its two-hundred day moving average is $5.08.
Analysts Set New Price Targets
Separately, Scotiabank upgraded shares of Grupo México from a "strong sell" rating to a "hold" rating in a report on Monday, March 10th.
Read Our Latest Stock Report on Grupo México
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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