Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,233 shares, a drop of 52.9% from the July 30th total of 2,620 shares. Based on an average daily trading volume, of 60,034 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
Grupo Simec Price Performance
Shares of SIM remained flat at $30.28 during mid-day trading on Friday. The stock had a trading volume of 674 shares, compared to its average volume of 30,377. Grupo Simec has a 52-week low of $25.00 and a 52-week high of $34.59. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 25.23 and a beta of 0.15. The business has a 50-day simple moving average of $29.58 and a 200-day simple moving average of $30.13.
Grupo Simec Company Profile
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.
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