Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) Short Interest Down 20.0% in January

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMGet Free Report) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,600 shares, a decrease of 20.0% from the January 15th total of 2,000 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Grupo Simec from a “hold” rating to a “buy” rating in a research report on Monday.

Get Our Latest Analysis on Grupo Simec

Grupo Simec Stock Performance

NYSEAMERICAN:SIM opened at $31.09 on Tuesday. Grupo Simec has a 52-week low of $28.15 and a 52-week high of $38.22.

About Grupo Simec

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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.

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