Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Down 50.0% in July

Key Points

• Grupo Simec experienced a 50% decline in short interest during July, with a total of only 900 shares sold short by July 31st.
• Wall Street Zen has downgraded Grupo Simec from a "buy" rating to a "hold" rating as of May 13th.
• The company's stock has a market cap of $4.23 billion and a 12-month trading range between $22.15 and $31.00.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 900 shares, adecreaseof50.0% from the July 15th total of 1,800 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 1.3 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Grupo Simec from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.

Grupo Simec Trading Down 0.7%

Grupo Simec stock traded down $0.19 during mid-day trading on Wednesday, reaching $27.60. 394 shares of the company's stock were exchanged, compared to its average volume of 557. Grupo Simec has a twelve month low of $22.15 and a twelve month high of $31.00. The firm has a market capitalization of $4.25 billion, a P/E ratio of 14.23 and a beta of 0.16. The stock's fifty day simple moving average is $27.65.

About Grupo Simec

Grupo Simec, SAB. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.