Short Interest in Alfa, S.A.B. de C.V. (OTCMKTS:ALFFF) Declines By 31.4%

Alfa, S.A.B. de C.V. (OTCMKTS:ALFFFGet Rating) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 753,000 shares, a decline of 31.4% from the March 31st total of 1,098,400 shares. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is currently 579.2 days.

Separately, Credit Suisse Group downgraded shares of Alfa from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 3rd.

Alfa stock opened at $0.65 on Friday. Alfa has a 12-month low of $0.60 and a 12-month high of $0.85. The firm’s fifty day moving average price is $0.74 and its 200 day moving average price is $0.73.

Alfa Company Profile (Get Rating)

Alfa, S. A. B. de C. V., together with its subsidiaries, engages in the petrochemicals and synthetic fibers, refrigerated foods, telecommunications, and natural gas and hydrocarbons businesses. It operates in five segments: Alpek, Sigma, Axtel, Newpek, and Others. The company manufactures petrochemical and synthetic fiber products, including purified terephtalic acid, polyethylene terephtalate, fibers, polypropylene, expandable polystyrene, and caprolactam.

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