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

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 900 shares, a decrease of 40.0% from the September 30th total of 1,500 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 1.3 days.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Grupo Simec Stock Performance

NYSEAMERICAN:SIM opened at $29.45 on Friday. Grupo Simec has a fifty-two week low of $26.00 and a fifty-two week high of $34.29. The firm has a market cap of $4.54 billion, a PE ratio of 9.75 and a beta of 0.29.

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.