Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Down 25.5% in February

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 1,473,100 shares, a decrease of 25.5% from the February 13th total of 1,978,400 shares. Based on an average daily volume of 84,600 shares, the days-to-cover ratio is currently 17.4 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Scotiabank raised shares of Grupo México from a “strong sell” rating to a “hold” rating in a research report on Monday, March 10th.

Grupo México Stock Up 0.7 %

Shares of OTCMKTS:GMBXF opened at $5.27 on Tuesday. The firm’s 50 day moving average price is $5.04 and its 200 day moving average price is $5.16. Grupo México has a fifty-two week low of $4.52 and a fifty-two week high of $7.00.

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.