Short Interest in Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Grows By 55.0%

Key Points

• Short interest jumped 55% to 1,153 shares as of March 13, implying a short-interest ratio of 7.4 days based on average daily volume of 155 shares, though the report lists 0.0% of shares as sold short.
• Stock snapshot: SIM opened at $30.80 with a market cap of $4.73 billion and a P/E of 65.53, trading in a 12‑month range of $23.60–$34.59 with 50/200‑day moving averages of $30.71/$29.23.
• Recent quarter: Grupo Simec reported EPS of $0.26 on $442.3 million in revenue, with a net margin of 5.01% and return on equity of 2.55%.

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 1,153 shares, an increase of 55.0% from the February 26th total of 744 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 155 shares, the short-interest ratio is presently 7.4 days.

Grupo Simec Stock Performance

SIM stock opened at $30.80 on Friday. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 65.53 and a beta of 0.26. The business's 50-day moving average is $30.71 and its 200 day moving average is $29.23. Grupo Simec has a 12-month low of $23.60 and a 12-month 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 earnings per share (EPS) for the quarter. Grupo Simec had a return on equity of 2.55% and a net margin of 5.01%.The firm had revenue of $442.30 million for the quarter.

About Grupo Simec

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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