Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) Sees Significant Drop in Short Interest

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 798,900 shares, a decline of 71.3% from the January 15th total of 2,783,600 shares. Based on an average daily volume of 26,700 shares, the days-to-cover ratio is presently 29.9 days.

Grupo México Stock Performance

Shares of GMBXF traded down $0.05 during midday trading on Wednesday, reaching $5.11. The stock had a trading volume of 5,502 shares, compared to its average volume of 32,379. Grupo México has a one year low of $4.65 and a one year high of $7.00. The firm has a 50 day simple moving average of $5.01 and a 200-day simple moving average of $5.23.

About Grupo México

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.