Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) Sees Large Drop in Short Interest

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXF) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 1,625,100 shares, a decrease of 15.1% from the September 30th total of 1,913,200 shares. Based on an average trading volume of 6,100 shares, the short-interest ratio is currently 266.4 days.

Grupo México Stock Performance

GMBXF traded down $0.05 during trading on Tuesday, reaching $5.55. 7,573 shares of the company’s stock were exchanged, compared to its average volume of 14,402. Grupo México has a 1 year low of $4.02 and a 1 year high of $7.00. The company’s fifty day simple moving average is $5.43 and its 200-day simple moving average is $5.69.

Grupo México Company Profile

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.