Short Interest in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Declines By 48.8%

Key Points

• Short interest fell 48.8% to 539 shares as of April 15 (down from 1,052 on March 31), leaving a days-to-cover ratio of about 1.6 and approximately 0.0% of shares shorted.
• Shares were flat at $30.71 mid-day with a market cap of $4.72 billion, a P/E of 65.34 and a beta of 0.30, while the 50- and 200-day moving averages are $30.84 and $29.72 respectively.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 539 shares, a decrease of 48.8% from the March 31st total of 1,052 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 330 shares, the days-to-cover ratio is currently 1.6 days.

Grupo Simec Price Performance

NYSEAMERICAN:SIM remained flat at $30.71 during mid-day trading on Monday. The company had a trading volume of 244 shares, compared to its average volume of 221. The business's fifty day moving average price is $30.84 and its two-hundred day moving average price is $29.72. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 65.34 and a beta of 0.30. Grupo Simec has a 1 year low of $25.00 and a 1 year high of $34.59.

Grupo Simec (NYSEAMERICAN:SIM - Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The basic materials company reported $0.26 EPS for the quarter. The firm had revenue of $442.30 million for the quarter. Grupo Simec had a net margin of 5.01% and a return on equity of 2.55%.

Grupo Simec Company Profile

Grupo Simec (NYSE American: SIM) is a Mexico‐based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company's core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value‐added processing services to meet the precise specifications of fabricators and end users.

With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw‐material sourcing, steelmaking and downstream processing.

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