Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) Short Interest Update

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM - Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 400 shares, a drop of 33.3% from the April 15th total of 600 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Grupo Simec from a "hold" rating to a "buy" rating in a research report on Monday, February 12th.

Grupo Simec Price Performance

SIM stock remained flat at $31.00 during midday trading on Friday. 249 shares of the company's stock traded hands, compared to its average volume of 98. The stock has a market cap of $4.78 billion, a PE ratio of 15.74 and a beta of 0.37. Grupo Simec has a 52 week low of $28.15 and a 52 week high of $38.20.

Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.52 EPS for the quarter. Grupo Simec had a return on equity of 11.23% and a net margin of 15.52%.

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.