Short Interest in Mexico Equity and Income Fund Inc (NYSE:MXE) Expands By 18.8%

Mexico Equity and Income Fund Inc (NYSE:MXE) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,900 shares, a growth of 18.8% from the August 15th total of 1,600 shares. Based on an average daily volume of 2,700 shares, the short-interest ratio is currently 0.7 days.

MXE remained flat at $$8.22 on Wednesday. 45 shares of the company’s stock traded hands, compared to its average volume of 4,348. The business has a fifty day moving average price of $8.11 and a two-hundred day moving average price of $7.82. Mexico Equity and Income Fund has a one year low of $5.89 and a one year high of $12.52.

About Mexico Equity and Income Fund

Mexico Equity & Income Fund Inc is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, SA de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors.

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