Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM) Short Interest Update

Grupo Simec, S.A. de C.V. (NYSEAMERICAN:SIM - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 744 shares, an increase of 95.3% from the February 12th total of 381 shares. Based on an average daily volume of 657 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 657 shares, the days-to-cover ratio is currently 1.1 days.Grupo Simec Stock PerformanceGrupo Simec stock remained flat at $30.80 during midday trading on Thursday. 167 shares of the company's stock traded hands, compared to its average volume of 404. The stock has a market cap of $4.73 billion, a PE ratio of 65.53 and a beta of 0.26. Grupo Simec has a 52 week low of $23.60 and a 52 week high of $34.59. The business has a 50-day moving average price of $30.47 and a 200 day moving average price of $28.94. About Grupo Simec (Get Free Report)Grupo Simec (NYSE American: SIM) is a Mexico‐based producer and distributor of long steel products, serving construction, infrastructure, industrial and energy markets. The company's core operations encompass the manufacture of merchant bar steel, including reinforcing bar (rebar), wire rod, merchant bars and structural shapes. In parallel, its service centers offer cutting, bending and other value‐added processing services to meet the precise specifications of fabricators and end users. With multiple steel mills located throughout Mexico and an expanding footprint in the United States, Grupo Simec maintains a vertically integrated supply chain that spans raw‐material sourcing, steelmaking and downstream processing.Recommended StoriesFive stocks we like better than Grupo SimecThe move Washington made in 1934Gilder: Don’t Buy AI Stocks, Do This Instead“This AI Giant is About to Go Bust”The gold chart Wall Street is terrified of…Is Iran Just a Giant Smokescreen?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Grupo Simec Right Now?Before you consider Grupo Simec, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Simec wasn't on the list.While Grupo Simec currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here