Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Down 54.5% in September

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,691,000 shares, a drop of 54.5% from the August 31st total of 3,719,900 shares. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is presently 61.9 days. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is presently 61.9 days.

Analyst Ratings Changes

GMBXF has been the subject of a number of recent research reports. The Goldman Sachs Group lowered shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Morgan Stanley raised shares of Grupo Mexico to an “overweight” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Grupo Mexico currently has a consensus rating of “Hold”.

Grupo Mexico Stock Up 2.0%

OTCMKTS:GMBXF opened at $8.72 on Friday. The company has a 50 day moving average price of $7.06 and a 200-day moving average price of $6.01. Grupo Mexico has a 1-year low of $4.39 and a 1-year high of $9.00.

About Grupo Mexico

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.