Posted by admin on Jun 13th, 2022
Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Rating) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,200 shares, an increase of 100.0% from the May 15th total of 1,100 shares. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is currently 0.6 days.
Shares of NYSEAMERICAN:SIM opened at $33.30 on Monday. Grupo Simec has a 1 year low of $18.88 and a 1 year high of $36.27. The stock has a market cap of $5.15 billion, a P/E ratio of 12.33 and a beta of 0.50.
A hedge fund recently raised its stake in Grupo Simec stock. Morgan Stanley grew its position in shares of Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Rating) by 34.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,496 shares of the basic materials company’s stock after acquiring an additional 1,149 shares during the period. Morgan Stanley’s holdings in Grupo Simec were worth $129,000 at the end of the most recent quarter. Institutional investors own 0.19% of the company’s stock.
About Grupo Simec (Get Rating)
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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