Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) Short Interest Update

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 200 shares, a decrease of 77.8% from the October 15th total of 900 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Grupo Simec Stock Performance

Shares of NYSEAMERICAN:SIM traded up $0.38 during midday trading on Wednesday, hitting $26.88. The company had a trading volume of 1,322 shares, compared to its average volume of 1,116. Grupo Simec has a twelve month low of $25.00 and a twelve month high of $34.29. The stock has a market cap of $4.14 billion, a PE ratio of 7.95 and a beta of 0.31.

Grupo Simec (NYSEAMERICAN:SIM) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.00 EPS for the quarter. The business had revenue of $452.15 million during the quarter. Grupo Simec had a return on equity of 18.60% and a net margin of 29.44%.

About Grupo Simec

Grupo Simec, SAB. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.