Short Interest in Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) Increases By 25.6%

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 619,400 shares, an increase 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 daily volume of 27,100 shares, the days-to-cover ratio is presently 22.9 days.

Analyst Upgrades and Downgrades

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 Price Performance

OTCMKTS GMBXF traded down $0.22 during mid-day trading on Wednesday, reaching $5.35. 1,478 shares of the stock were exchanged, compared to its average volume of 25,529. Grupo México has a one year low of $4.39 and a one year high of $6.49. The stock has a 50 day simple moving average of $5.14 and a 200-day simple moving average of $5.07.

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.