Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Sees Large Increase in Short Interest

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) was the recipient of a large increase in short interest during the month of 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. Based on an average daily volume of 155 shares, the short-interest ratio is currently 7.4 days. Currently, 0.0% of the shares of the stock are sold short.

Grupo Simec Stock Performance

SIM stock opened at $30.80 on Monday. Grupo Simec has a 12-month low of $23.60 and a 12-month high of $34.59. 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 $29.26.

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

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.