Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Up 350.3% in February

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 8,229,203 shares, an increase of 350.3% from the February 12th total of 1,827,408 shares. Based on an average daily volume of 70,176 shares, the short-interest ratio is currently 117.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 70,176 shares, the short-interest ratio is currently 117.3 days.

Grupo Mexico Stock Performance

OTCMKTS GMBXF opened at $10.90 on Friday. The business has a fifty day moving average price of $11.40 and a two-hundred day moving average price of $9.37. Grupo Mexico has a fifty-two week low of $4.39 and a fifty-two week high of $12.76.

Grupo Mexico Company Profile

Grupo México is a diversified Mexican industrial conglomerate with principal operations in mining, transportation and infrastructure. The company’s core business is the extraction and processing of base and precious metals, while complementary divisions provide freight rail and logistics services across Mexico. Grupo México operates as a vertically integrated enterprise that combines mineral production with the transport and logistics capabilities needed to move bulk commodities to market.

In mining, Grupo México is best known as the parent of Southern Copper Corporation and as one of the world’s larger copper producers.