Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) Short Interest Down 53.2% in December

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 6,203,500 shares, a decrease of 53.2% from the December 15th total of 13,256,100 shares. Based on an average daily volume of 74,700 shares, the days-to-cover ratio is currently 83.0 days.

GMBXF opened at $4.55 on Friday. Grupo México has a 1-year low of $3.77 and a 1-year high of $5.65. The company has a 50 day simple moving average of $4.28 and a two-hundred day simple moving average of $4.41.

About Grupo México

Grupo México SAB. de C.V. engages in the provision of copper business. The firm’s activities include mining, exploration, exploitation and freight railroad service and infrastructure development. It operates through the following divisions: Mining, Transportation, Infrastructure and Corporate. The Mining division includes copper extraction, copper smelting and refining operations, copper production, with byproducts of molybdenum, silver and other materials, mainly in Peru and the USA.

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