Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM) Sees Large Increase in Short Interest

Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIMGet Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 800 shares, a growth of 166.7% from the May 15th total of 300 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 2.7 days.

Grupo Simec Price Performance

Shares of NYSEAMERICAN:SIM opened at $30.00 on Friday. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 15.23 and a beta of 0.29. Grupo Simec has a 12-month low of $28.15 and a 12-month high of $37.00.

Grupo Simec (NYSEAMERICAN:SIMGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.52 EPS for the quarter. The business had revenue of $464.45 million during the quarter. Grupo Simec had a return on equity of 11.23% and a net margin of 15.52%.

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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