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

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,473,100 shares, a decline of 25.5% from the February 13th total of 1,978,400 shares. Based on an average daily trading volume, of 84,600 shares, the days-to-cover ratio is presently 17.4 days. Approximately 0.0% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

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

Grupo México Stock Down 0.2 %

Shares of OTCMKTS:GMBXF traded down $0.01 during trading on Thursday, hitting $5.36. 3,567 shares of the company were exchanged, compared to its average volume of 37,290. Grupo México has a 12-month low of $4.52 and a 12-month high of $7.00. The firm's 50 day moving average price is $5.06 and its 200-day moving average price is $5.16.

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.