Grupo Aeroportuario del Pacifico SAB De CV ADR

PAC

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. ("Pacific Airports Group, LLC"), known as GAP, is a Mexican airport operator headquartered in Guadalajara, Mexico. It operates 12 airports in the western states of Mexico, and 2 in Jamaica, including those of major Mexican cities Guadalajara and Tijuana, and two important tourist destinations, Los Cabos and Puerto Vallarta. It is the second largest airport services company by passenger traffic in Mexico. It serves approximately 27 million passengers annually, only surpassed by the operator of Mexico City International Airport. Since 2011 there is an ongoing dispute between GAP and one of its major shareholders, Grupo Mexico, which holds more than 20% of the shares and announced it planned to acquire at least 30% of the shares. According to GAP by-laws, its shareholders should not hold more than 10% of the shares. In 2015, Grupo México announced it has reduced its stake in GAP, although not enough to meet GAP by-laws rules.GAP is listed on the Mexican Stock Exchange and in the NYSE through ADRs since 2006. It is a constituent of the IPC, the main benchmark index of the Mexican Stock Exchange.

Grupo Aeroportuario del Pacifico SAB De CV ADR has been a target of short sellers for a while. The current short interest of 0.88% is roughly at the average of the last 12 months (0.83%).